The company reported standalone net loss during the quarter stood at Rs 0.95 crore compared to net profit of Rs 10.74 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 31.72 per cent at Rs 48.22 crore in January-March quarter of this fiscal as against Rs 70.62 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 21.16 per cent to Rs 41.85 crore from Rs 53.08 crore in year ago period.

Other Income dipped by 77.23 per cent at Rs 0.51 crore versus (Mar'20 Rs 2.24 crore).

Operating Profit slipped by 63.68 per cent to Rs 6.37 crore as against Rs 17.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 46.80 per cent in March quarter.

Interest grew by 14.29 per cent y-o-y to Rs 0.08 crore, while Taxation decreased by 107.81 per cent at Rs -0.36 crore (Mar'20 Rs 4.61 crore).