The company reported standalone net loss during the quarter stood at Rs 24.35 crore as compared to net loss of Rs 5.31 crore in the previous year quarter. Net revenue of the company declined substantially by 82.68 per cent at Rs 10.44 crore in April-June quarter of this fiscal as against Rs 60.26 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 52.65 per cent to Rs 27.29 crore from Rs 57.64 crore in year ago period. Other Income grew by 255.56 per cent at Rs 1.60 crore versus (Jun'19 Rs 0.45 crore).
Operating Profit slipped by 740.68 per cent to Rs -16.85 crore as against Rs 2.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3801.38 per cent in June quarter. Interest grew by 10.69 per cent y-o-y to Rs 8.39 crore