The company reported standalone net loss during the quarter stood at Rs 1.71 crore compared to net profit of Rs 22.32 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 60.97 per cent at Rs 27.49 crore in January-March quarter of this fiscal as against Rs 70.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 31.18 per cent to Rs 55.92 crore from Rs 42.63 crore in year ago period.

Other Income grew by 173.21 per cent at Rs 8.77 crore versus (Mar'19 Rs 3.21 crore).

Operating Profit slipped by 154.44 per cent to Rs -15.14 crore as against Rs 27.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 239.49 per cent in March quarter.

Interest grew by 24.48 per cent y-o-y to Rs 6.00 crore, while Taxation decreased by 498.60 per cent at Rs -11.40 crore (Mar'19 Rs 2.86 crore).