The company reported standalone net loss during the quarter stood at Rs 13.39 crore compared to net profit of Rs 4.98 crore in the previous year quarter. Net revenue of the company declined moderately by 7.44 per cent at Rs 568.61 crore in January-March quarter of this fiscal as against Rs 614.32 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 3.44 per cent to Rs 547.74 crore from Rs 567.23 crore in year ago period. Other Income grew by 1333.33 per cent at Rs 0.86 crore versus (Mar'19 Rs 0.06 crore).
Operating Profit slipped by 55.67 per cent to Rs 20.87 crore as against Rs 47.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 52.09 per cent in March quarter. Interest grew by 9.22 per cent y-o-y to Rs 18.36 crore, while Taxation decreased by 162.88 per cent at Rs -4.10 crore (Mar'19 Rs 6.52 crore).