The company reported standalone net loss during the quarter stood at Rs 13.17 crore as compared to net loss of Rs 22.43 crore in the previous year quarter. Net revenue of the company declined substantially by 32.83 per cent at Rs 114.65 crore in January-March quarter of this fiscal as against Rs 170.69 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 27.48 per cent to Rs 112.34 crore from Rs 154.91 crore in year ago period. Other Income grew by 2500.00 per cent at Rs 0.24 crore versus (Mar'19 Rs -0.01 crore).
Operating Profit slipped by 85.36 per cent to Rs 2.31 crore as against Rs 15.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 78.27 per cent in March quarter. Interest declined by 4.83 per cent y-o-y to Rs 12.82 crore, while Taxation decreased by 235.89 per cent at Rs -10.79 crore (Mar'19 Rs 7.94 crore).