The firm had posted a net loss of Rs 120.51 crore in the year-ago period, it said in a BSE filing.
Total standalone income of the company declined to Rs 54.02 crore in the July-September quarter this fiscal from Rs 212.15 crore during the same quarter of 2014-15.
Its total expenses were lower at Rs 115.26 crore during the quarter-under-review from Rs 237.95 crore in the year-ago period.
In a separate filing, the firm said its Financial Controller Madan Pendse has been designated as the Acting Chief Financial Officer from November 14, 2015 until a full time CFO is appointed.
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