The company reported standalone net loss during the quarter stood at Rs 33.64 crore compared to net profit of Rs 17.60 crore in the previous year quarter.ÿ
Net revenue of the company declined substantially by 82.77 per cent at Rs 78.06 crore in April-June quarter of this fiscal as against Rs 453.05 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 78.77 per cent to Rs 83.90 crore from Rs 395.25 crore in year ago period.
Other Income dipped by 33.17 per cent at Rs 1.39 crore versus (Jun'19 Rs 2.08 crore).
Operating Profit slipped by 110.11 per cent to Rs -5.84 crore as against Rs 57.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 158.62 per cent in June quarter.
Interest grew by 21.75 per cent y-o-y to Rs 14.61 crore, while Taxation decreased by 241.55 per cent at Rs -11.72 crore (Jun'19 Rs 8.28 crore).