The company reported standalone net loss during the quarter stood at Rs 37.02 crore compared to net profit of Rs 48.53 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 20.33 per cent at Rs 460.45 crore in January-March quarter of this fiscal as against Rs 577.96 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 0.34 per cent to Rs 439.55 crore from Rs 438.06 crore in year ago period.
Other Income dipped by 23.97 per cent at Rs 14.02 crore versus (Mar'19 Rs 18.44 crore).
Operating Profit slipped by 85.06 per cent to Rs 20.90 crore as against Rs 139.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 81.25 per cent in March quarter.
Interest declined by 63.64 per cent y-o-y to Rs 2.04 crore, while Taxation decreased by 155.66 per cent at Rs -13.68 crore (Mar'19 Rs 24.58 crore).