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The company reported standalone net loss during the quarter stood at Rs 48.61 crore as compared to net loss of Rs 65.30 crore in the previous year quarter. Net revenue of the company declined moderately by 9.96 per cent at Rs 72.95 crore in January-March quarter of this fiscal as against Rs 81.02 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 36.77 per cent to Rs 101.95 crore from Rs 161.23 crore in year ago period. Other Income grew by 422.22 per cent at Rs 6.58 crore versus (Mar'18 Rs 1.26 crore). Operating Profit slipped by 63.84 per cent to Rs -29.00 crore as against Rs -80.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 59.84 per cent in March quarter. Interest grew by 82.88 per cent y-o-y to Rs 22.86 crore