The company reported standalone net loss during the quarter stood at Rs 19.38 crore as compared to net loss of Rs 13.12 crore in the previous year quarter.
Net revenue of the company rose moderately by 6.54 per cent at Rs 5.54 crore in July-September quarter of this fiscal as against Rs 5.20 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 5.99 per cent to Rs 24.80 crore from Rs 26.38 crore in year ago period.
Other Income dipped by 55.70 per cent at Rs 0.35 crore versus (Sep'16 Rs 0.79 crore).
Operating Profit surged by 43.52 per cent to Rs -19.26 crore as against Rs -13.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.71 per cent in September quarter.