The company reported standalone net loss during the quarter stood at Rs 15.22 crore compared to net profit of Rs 0.38 crore in the previous year quarter. Net revenue of the company declined substantially by 72.77 per cent at Rs 3.72 crore in July-September quarter of this fiscal as against Rs 13.66 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 78.38 per cent to Rs 2.69 crore from Rs 12.44 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.11 crore versus (Sep'18 Rs 0.00 crore).
Operating Profit slipped by 15.57 per cent to Rs 1.03 crore as against Rs 1.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 209.76 per cent in September quarter. Interest declined by 24.24 per cent y-o-y to Rs 0.25 crore