The company reported standalone net loss during the quarter stood at Rs 22.58 crore as compared to net loss of Rs 5.45 crore in the previous year quarter.

Net revenue of the company declined substantially by 31.72 per cent at Rs 4.80 crore in July-September quarter of this fiscal as against Rs 7.03 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 185.37 per cent to Rs 28.28 crore from Rs 9.91 crore in year ago period.

Other Income dipped by 19.87 per cent at Rs 1.21 crore versus (Sep'18 Rs 1.51 crore).

Operating Profit surged by 715.28 per cent to Rs -23.48 crore as against Rs -2.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1097.07 per cent in September quarter.

Interest grew by 41.18 per cent y-o-y to Rs 0.72 crore, while Taxation increased by 137.29 per cent at Rs -7.19 crore (Sep'18 Rs -3.03 crore).