The company reported standalone net loss during the quarter stood at Rs 874.69 crore as compared to net loss of Rs 6494.29 crore in the previous year quarter. Net revenue of the company declined substantially by 94.55 per cent at Rs 39.38 crore in January-March quarter of this fiscal as against Rs 723.03 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 71.19 per cent to Rs 230.68 crore from Rs 800.60 crore in year ago period. Other Income dipped by 77.38 per cent at Rs 22.16 crore versus (Mar'19 Rs 97.97 crore).
Operating Profit surged by 258.98 per cent to Rs -191.30 crore as against Rs -53.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6491.32 per cent in March quarter. Interest grew by 65.70 per cent y-o-y to Rs 328.79 crore, while Taxation decreased by 39.25 per cent at Rs 0.65 crore (Mar'19 Rs 1.07 crore).