The company reported standalone net loss during the quarter stood at Rs 33.18 crore compared to net profit of Rs 7.38 crore in the previous year quarter.  Net revenue of the company declined moderately by 17.40 per cent at Rs 248.48 crore in July-September quarter of this fiscal as against Rs 300.82 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 2.09 per cent to Rs 263.17 crore from Rs 268.78 crore in year ago period.

Other Income grew by 140.91 per cent at Rs 3.71 crore versus (Sep'18 Rs 1.54 crore). Operating Profit slipped by 145.85 per cent to Rs -14.69 crore as against Rs 32.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 155.49 per cent in September quarter. Interest declined by 9.12 per cent y-o-y to Rs 7.47 crore, while Taxation decreased by 176.05 per cent at Rs -3.43 crore