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The company reported standalone net loss during the quarter stood at Rs 10.81 crore as compared to net loss of Rs 8.70 crore in the previous year quarter. Net revenue of the company declined substantially by 94.83 per cent at Rs 5.19 crore in October-December quarter of this fiscal as against Rs 100.31 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 86.84 per cent to Rs 13.47 crore from Rs 102.35 crore in year ago period.
Operating Profit surged by 302.45 per cent to Rs -8.21 crore as against Rs -2.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7697.54 per cent in December quarter. Interest declined by 61.11 per cent y-o-y to Rs 2.59 crore