The company reported standalone net loss during the quarter stood at Rs 165.28 crore as compared to net loss of Rs 163.92 crore in the previous year quarter. Net revenue of the company declined substantially by 70.99 per cent at Rs 4.27 crore in July-September quarter of this fiscal as against Rs 14.72 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 88.81 per cent to Rs 4.75 crore from Rs 42.43 crore in year ago period. Other Income grew by 1772.55 per cent at Rs 19.10 crore versus (Sep'19 Rs 1.02 crore).
Operating Profit slipped by 98.27 per cent to Rs -0.48 crore as against Rs -27.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 94.03 per cent in September quarter. Interest grew by 39.08 per cent y-o-y to Rs 164.95 crore, while Taxation increased by 104.61 per cent at Rs 0.41 crore