The company reported standalone net loss during the quarter stood at Rs 23.10 crore as compared to net loss of Rs 24.30 crore in the previous year quarter. Net revenue of the company rose marginally by 4.20 per cent at Rs 34.96 crore in January-March quarter of this fiscal as against Rs 33.55 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 1.68 per cent to Rs 55.60 crore from Rs 56.55 crore in year ago period. Other Income dipped by 62.71 per cent at Rs 0.22 crore versus (Mar'17 Rs 0.59 crore).
Operating Profit slipped by 10.26 per cent to Rs -20.64 crore as against Rs -23.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.86 per cent in March quarter. Interest grew by 127.62 per cent y-o-y to Rs 2.39 crore, while Taxation increased by 0.00 per cent at Rs 0.57 crore (Mar'17 Rs 0.00 crore).