The company reported standalone net loss during the quarter stood at Rs 17.82 crore as compared to net loss of Rs 7.74 crore in the previous year quarter. Net revenue of the company declined substantially by 20.77 per cent at Rs 234.04 crore in July-September quarter of this fiscal as against Rs 295.41 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 15.38 per cent to Rs 248.77 crore from Rs 293.97 crore in year ago period. Other Income grew by 98.13 per cent at Rs 2.12 crore versus (Sep'18 Rs 1.07 crore).

Operating Profit slipped by 1122.92 per cent to Rs -14.73 crore as against Rs 1.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1383.67 per cent in September quarter. Interest grew by 1.63 per cent y-o-y to Rs 3.73 crore, while Taxation increased by 171.65 per cent at Rs -8.72 crore (Sep'18 Rs -3.21 crore).