The company reported standalone net loss during the quarter stood at Rs 11.03 crore as compared to net loss of Rs 9.98 crore in the previous year quarter.
Net revenue of the company declined substantially by 21.56 per cent at Rs 52.36 crore in July-September quarter of this fiscal as against Rs 66.75 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 14.49 per cent to Rs 64.32 crore from Rs 75.22 crore in year ago period.
Other Income grew by 23.62 per cent at Rs 5.60 crore versus (Sep'16 Rs 4.53 crore).
Operating Profit surged by 136.53 per cent to Rs -8.87 crore as against Rs -3.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 201.25 per cent in September quarter.
Interest declined by 30.91 per cent y-o-y to Rs 6.17 crore