The company reported standalone net loss during the quarter stood at Rs 55.09 crore as compared to net loss of Rs 97.73 crore in the previous year quarter.

Net revenue of the company rose marginally by 4.18 per cent at Rs 35.65 crore in January-March quarter of this fiscal as against Rs 34.22 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 7.15 per cent to Rs 50.64 crore from Rs 54.54 crore in year ago period.

Other Income dipped by 10.00 per cent at Rs 18.63 crore versus (Mar'20 Rs 20.70 crore).

Operating Profit slipped by 26.18 per cent to Rs -15.00 crore as against Rs -20.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.18 per cent in March quarter.

Interest grew by 22.22 per cent y-o-y to Rs 0.11 crore, while Taxation increased by 1537.50 per cent at Rs 1.15 crore (Mar'20 Rs -0.08 crore).