The company reported standalone net loss during the quarter stood at Rs 157.41 crore as compared to net loss of Rs 172.34 crore in the previous year quarter. Net revenue of the company declined substantially by 45.11 per cent at Rs 107.40 crore in January-March quarter of this fiscal as against Rs 195.65 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 28.96 per cent to Rs 226.57 crore from Rs 318.92 crore in year ago period. Other Income dipped by 99.43 per cent at Rs 0.16 crore versus (Mar'19 Rs 27.90 crore).
Operating Profit slipped by 2.34 per cent to Rs -119.17 crore as against Rs -122.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 77.89 per cent in March quarter. Interest declined by 52.26 per cent y-o-y to Rs 36.18 crore