The company reported standalone net loss during the quarter stood at Rs 13.77 crore as compared to net loss of Rs 1.27 crore in the previous year quarter.

Net revenue of the company declined moderately by 10.45 per cent at Rs 101.49 crore in July-September quarter of this fiscal as against Rs 113.33 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 1.01 per cent to Rs 111.14 crore from Rs 112.27 crore in year ago period.

Other Income dipped by 67.06 per cent at Rs 0.28 crore versus (Sep'18 Rs 0.85 crore).

Operating Profit slipped by 878.23 per cent to Rs -9.65 crore as against Rs 1.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 964.55 per cent in September quarter.

Interest grew by 13.69 per cent y-o-y to Rs 3.82 crore, while Taxation increased by 104.00 per cent at Rs 0.02 crore (Sep'18 Rs -0.50 crore).