The company reported standalone net loss during the quarter stood at Rs 4.92 crore as compared to net loss of Rs 53.51 crore in the previous year quarter.
Net revenue of the company declined substantially by 67.36 per cent at Rs 12.14 crore in January-March quarter of this fiscal as against Rs 37.19 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 86.34 per cent to Rs 11.19 crore from Rs 81.89 crore in year ago period.
Other Income dipped by 99.44 per cent at Rs 0.01 crore versus (Mar'18 Rs 1.80 crore).
Operating Profit surged by 102.15 per cent to Rs 0.96 crore as against Rs -44.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 106.56 per cent in March quarter.
Interest declined by 76.23 per cent y-o-y to Rs 1.84 crore, while Taxation increased by 368.89 per cent at Rs 2.11 crore (Mar'18 Rs 0.45 crore).