The company reported standalone net loss during the quarter stood at Rs 90.75 crore compared to net profit of Rs 89.51 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 60.90 per cent at Rs 217.08 crore in July-September quarter of this fiscal as against Rs 555.25 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 25.18 per cent to Rs 244.81 crore from Rs 327.21 crore in year ago period.
Other Income grew by 8.74 per cent at Rs 8.71 crore versus (Sep'19 Rs 8.01 crore).
Operating Profit slipped by 112.16 per cent to Rs -27.73 crore as against Rs 228.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 131.09 per cent in September quarter.
Interest grew by 8.41 per cent y-o-y to Rs 149.99 crore, while Taxation increased by 0.00 per cent at Rs -28.81 crore (Sep'19 Rs 0.00 crore).