The company reported standalone net loss during the quarter stood at Rs 243.12 crore compared to net profit of Rs 41.68 crore in the previous year quarter. Net revenue of the company declined substantially by 63.19 per cent at Rs 279.19 crore in July-September quarter of this fiscal as against Rs 758.56 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 52.65 per cent to Rs 287.05 crore from Rs 606.27 crore in year ago period. Other Income dipped by 60.44 per cent at Rs 7.71 crore versus (Sep'18 Rs 19.49 crore). Operating Profit slipped by 105.16 per cent to Rs -7.86 crore as against Rs 152.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 114.04 per cent in September quarter. Interest grew by 247.81 per cent y-o-y to Rs 171.47 crore