The company reported standalone net loss during the quarter stood at Rs 11.95 crore compared to net profit of Rs 20.76 crore in the previous year quarter. Net revenue of the company declined substantially by 84.86 per cent at Rs 62.93 crore in April-June quarter of this fiscal as against Rs 415.54 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 81.37 per cent to Rs 69.86 crore from Rs 374.89 crore in year ago period.
Other Income dipped by 87.55 per cent at Rs 0.57 crore versus (Jun'19 Rs 4.58 crore). Operating Profit slipped by 117.05 per cent to Rs -6.93 crore as against Rs 40.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 212.58 per cent in June quarter. Interest declined by 29.69 per cent y-o-y to Rs 1.61 crore, while Taxation decreased by 135.45 per cent at Rs -3.46 crore (Jun'19 Rs 9.76 crore).