The company reported standalone net loss during the quarter stood at Rs 55.54 crore as compared to net loss of Rs 55.83 crore in the previous year quarter. Net revenue of the company declined substantially by 25.82 per cent at Rs 321.99 crore in July-September quarter of this fiscal as against Rs 434.09 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 27.19 per cent to Rs 301.02 crore from Rs 413.44 crore in year ago period.
Other Income grew by 193.13 per cent at Rs 3.84 crore versus (Sep'18 Rs 1.31 crore). Operating Profit slipped by 25.08 per cent to Rs 20.97 crore as against Rs 27.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.93 per cent in September quarter. Interest declined by 5.37 per cent y-o-y to Rs 68.91 crore, while Taxation increased by 0.00 per cent at Rs -1.90 crore (Sep'18 Rs 0.00 crore).