The company reported standalone net loss during the quarter stood at Rs 18.10 crore compared to net profit of Rs 6.01 crore in the previous year quarter.ÿ
Net revenue of the company declined marginally by 1.28 per cent at Rs 6.15 crore in October-December quarter of this fiscal as against Rs 6.23 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 50.61 per cent to Rs 17.35 crore from Rs 11.52 crore in year ago period.
Other Income dipped by 88.42 per cent at Rs 2.39 crore versus (Dec'17 Rs 20.64 crore).
Operating Profit surged by 111.72 per cent to Rs -11.20 crore as against Rs -5.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 114.33 per cent in December quarter.
Interest grew by 37.43 per cent y-o-y to Rs 12.30 crore, while Taxation decreased by 8425.00 per cent at Rs -3.33 crore (Dec'17 Rs 0.04 crore).