The company reported standalone net loss during the quarter stood at Rs 14.40 crore compared to net profit of Rs 5.76 crore in the previous year quarter. Net revenue of the company declined substantially by 80.86 per cent at Rs 17.62 crore in April-June quarter of this fiscal as against Rs 92.05 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 60.92 per cent to Rs 30.02 crore from Rs 76.81 crore in year ago period. Other Income grew by 4.76 per cent at Rs 0.22 crore versus (Jun'19 Rs 0.21 crore).
Operating Profit slipped by 181.36 per cent to Rs -12.40 crore as against Rs 15.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 525.26 per cent in June quarter. Interest declined by 10.77 per cent y-o-y to Rs 0.58 crore, while Taxation decreased by 287.31 per cent at Rs -4.87 crore (Jun'19 Rs 2.60 crore).