The company reported standalone net loss during the quarter stood at Rs 120.76 crore as compared to net loss of Rs 222.71 crore in the previous year quarter. Net revenue of the company declined moderately by 15.90 per cent at Rs 266.34 crore in January-March quarter of this fiscal as against Rs 316.68 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 17.96 per cent to Rs 251.42 crore from Rs 306.46 crore in year ago period.
Other Income grew by 123.02 per cent at Rs 9.59 crore versus (Mar'19 Rs 4.30 crore). Operating Profit surged by 7.13 per cent to Rs 28.83 crore as against Rs 26.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.29 per cent in March quarter. Interest grew by 107.95 per cent y-o-y to Rs 10.73 crore, while Taxation decreased by 60.46 per cent at Rs -1.72 crore (Mar'19 Rs -4.35 crore).