The company reported standalone net loss during the quarter stood at Rs 5.62 crore compared to net profit of Rs 4.19 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 64.71 per cent at Rs 31.65 crore in April-June quarter of this fiscal as against Rs 89.69 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 59.72 per cent to Rs 34.12 crore from Rs 84.70 crore in year ago period.

Other Income dipped by 50.00 per cent at Rs 0.10 crore versus (Jun'19 Rs 0.20 crore).

Operating Profit slipped by 149.70 per cent to Rs -2.48 crore as against Rs 4.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 240.57 per cent in June quarter.

Interest grew by 87.61 per cent y-o-y to Rs 2.12 crore, while Taxation decreased by 46.49 per cent at Rs -1.83 crore (Jun'19 Rs -3.42 crore).