The company reported standalone net loss during the quarter stood at Rs 15.82 crore compared to net profit of Rs 59.66 crore in the previous year quarter. Net revenue of the company declined substantially by 35.60 per cent at Rs 11.29 crore in January-March quarter of this fiscal as against Rs 17.53 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 69.18 per cent to Rs 7.07 crore from Rs 22.94 crore in year ago period. Other Income grew by 15.60 per cent at Rs 5.26 crore versus (Mar'19 Rs 4.55 crore).
Operating Profit surged by 178.00 per cent to Rs 4.22 crore as against Rs -5.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 221.02 per cent in March quarter. Interest grew by 13.97 per cent y-o-y to Rs 2.61 crore, while Taxation increased by 131.09 per cent at Rs 20.28 crore (Mar'19 Rs -65.24 crore).