The company reported standalone net loss during the quarter stood at Rs 12.76 crore as compared to net loss of Rs 10.58 crore in the previous year quarter. Net revenue of the company declined substantially by 82.98 per cent at Rs 11.70 crore in July-September quarter of this fiscal as against Rs 68.76 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 66.97 per cent to Rs 27.25 crore from Rs 82.50 crore in year ago period. Other Income grew by 377.04 per cent at Rs 6.44 crore versus (Sep'18 Rs 1.35 crore).
Operating Profit surged by 13.25 per cent to Rs -15.56 crore as against Rs -13.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 565.77 per cent in September quarter. Interest declined by 52.05 per cent y-o-y to Rs 1.17 crore