The company reported standalone net loss during the quarter stood at Rs 131.58 crore as compared to net loss of Rs 170.94 crore in the previous year quarter. Net revenue of the company rose substantially by 32.06 per cent at Rs 28.75 crore in January-March quarter of this fiscal as against Rs 21.77 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 23.25 per cent to Rs 17.00 crore from Rs 22.15 crore in year ago period.
Other Income grew by 20.00 per cent at Rs 0.24 crore versus (Mar'17 Rs 0.20 crore). Operating Profit surged by 887.39 per cent to Rs 11.75 crore as against Rs 1.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 647.53 per cent in March quarter. Interest grew by 14.91 per cent y-o-y to Rs 16.42 crore, while Taxation decreased by 59.00 per cent at Rs -3.46 crore (Mar'17 Rs -8.44 crore).