The company reported standalone net loss during the quarter stood at Rs 8.61 crore compared to net profit of Rs 2.19 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 49.53 per cent at Rs 76.76 crore in April-June quarter of this fiscal as against Rs 152.08 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 42.43 per cent to Rs 80.79 crore from Rs 140.34 crore in year ago period.

Other Income grew by 5.26 per cent at Rs 0.20 crore versus (Jun'19 Rs 0.19 crore).

Operating Profit slipped by 134.33 per cent to Rs -4.03 crore as against Rs 11.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 168.01 per cent in June quarter.

Interest declined by 4.20 per cent y-o-y to Rs 5.70 crore, while Taxation decreased by 9340.00 per cent at Rs -4.62 crore (Jun'19 Rs 0.05 crore).