The company reported standalone net loss during the quarter stood at Rs 87.35 crore as compared to net loss of Rs 55.24 crore in the previous year quarter. Net revenue of the company declined substantially by 74.78 per cent at Rs 37.82 crore in April-June quarter of this fiscal as against Rs 149.94 crore in the corresponding period last year. During the April-June quarter, operating expenses dropped by 41.50 per cent to Rs 103.47 crore from Rs 176.88 crore in a year-ago period.
Other Income grew by 266.04 per cent at Rs 1.94 crore versus (Jun'18 Rs 0.53 crore). Operating Profit surged by 143.69 per cent to Rs -65.65 crore as against Rs -26.94 crores in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 866.00 per cent in June quarter. Interest declined by 22.25 per cent y-o-y to Rs 18.14 crore
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