The company reported standalone net loss during the quarter stood at Rs 8.73 crore compared to net profit of Rs 4.29 crore in the previous year quarter.ÿ
Net revenue of the company rose moderately by 6.20 per cent at Rs 103.95 crore in January-March quarter of this fiscal as against Rs 97.88 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 13.39 per cent to Rs 96.69 crore from Rs 85.27 crore in year ago period.
Other Income grew by 15.63 per cent at Rs 14.65 crore versus (Mar'18 Rs 12.67 crore).
Operating Profit slipped by 42.43 per cent to Rs 7.26 crore as against Rs 12.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.81 per cent in March quarter.
Interest grew by 7.21 per cent y-o-y to Rs 4.91 crore, while Taxation increased by 100.00 per cent at Rs 0.72 crore (Mar'18 Rs 0.36 crore).