The company reported standalone net loss during the quarter stood at Rs 2.71 crore as compared to net loss of Rs 4.13 crore in the previous year quarter.
Net revenue of the company declined substantially by 22.63 per cent at Rs 8.24 crore in April-June quarter of this fiscal as against Rs 10.65 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 2.84 per cent to Rs 10.27 crore from Rs 10.57 crore in year ago period.
Other Income grew by 11866.67 per cent at Rs 3.59 crore versus (Jun'19 Rs 0.03 crore).
Operating Profit slipped by 2355.56 per cent to Rs -2.03 crore as against Rs 0.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3180.00 per cent in June quarter.
Interest grew by 0.00 per cent y-o-y to Rs 3.82 crore, while Taxation decreased by 5.23 per cent at Rs -1.45 crore (Jun'19 Rs -1.53 crore).