The loss was due to the write off of the MP’s road cancellation of 220CR which were cancelled without due regard and will be contested and be paid back post arbitration.
If we consider that, they still had a 94CR profit even after higher inventory being priced in which can lead to lower cost of inventory in future.
The turbulence is just panic selling and it is also not helped due to the pledged shares and they triggering LCs.
As Lakhotia said, pledge was a bad idea, hope they do not in future. Also we need to kick the Reliance AMC folks who bought at ~280s in placement and sold at 117.