The company reported standalone net loss during the quarter stood at Rs 11.67 crore as compared to net loss of Rs 16.64 crore in the previous year quarter.

Net revenue of the company declined substantially by 73.91 per cent at Rs 43.57 crore in July-September quarter of this fiscal as against Rs 166.97 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 74.57 per cent to Rs 41.17 crore from Rs 161.90 crore in year ago period.

Other Income grew by 1277.50 per cent at Rs 5.51 crore versus (Sep'19 Rs 0.40 crore).

Operating Profit slipped by 60.94 per cent to Rs 2.41 crore as against Rs 6.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.19 per cent in September quarter.

Interest grew by 4.24 per cent y-o-y to Rs 13.76 crore, while Taxation decreased by 495.35 per cent at Rs -1.70 crore (Sep'19 Rs 0.43 crore).