The company reported standalone net loss during the quarter stood at Rs 13.26 crore as compared to net loss of Rs 34.26 crore in the previous year quarter. Net revenue of the company declined moderately by 13.45 per cent at Rs 17.95 crore in July-September quarter of this fiscal as against Rs 20.74 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 62.88 per cent to Rs 15.13 crore from Rs 40.76 crore in year ago period.
Other Income grew by 5760.00 per cent at Rs 2.93 crore versus (Sep'18 Rs 0.05 crore). Operating Profit surged by 114.08 per cent to Rs 2.82 crore as against Rs -20.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 116.27 per cent in September quarter. Interest grew by 0.23 per cent y-o-y to Rs 13.10 crore, while Taxation increased by 2716.67 per cent at Rs 4.71 crore