The company reported standalone net loss during the quarter stood at Rs 3.91 crore compared to net profit of Rs 39.26 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 56.52 per cent at Rs 4.87 crore in January-March quarter of this fiscal as against Rs 11.20 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 32.76 per cent to Rs 5.11 crore from Rs 7.60 crore in year ago period.

Other Income grew by 260.00 per cent at Rs -0.18 crore versus (Mar'17 Rs -0.05 crore).

Operating Profit slipped by 106.67 per cent to Rs -0.24 crore as against Rs 3.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 115.23 per cent in March quarter.