The company reported standalone net loss during the quarter stood at Rs 40.61 crore as compared to net loss of Rs 8.56 crore in the previous year quarter.

Net revenue of the company declined substantially by 59.74 per cent at Rs 63.91 crore in October-December quarter of this fiscal as against Rs 158.73 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 50.71 per cent to Rs 52.01 crore from Rs 105.51 crore in year ago period.

Other Income grew by 5.83 per cent at Rs 13.97 crore versus (Dec'17 Rs 13.20 crore).

Operating Profit slipped by 77.64 per cent to Rs 11.90 crore as against Rs 53.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.50 per cent in December quarter.

Interest declined by 14.95 per cent y-o-y to Rs 25.88 crore, while Taxation decreased by 45.22 per cent at Rs 1.49 crore (Dec'17 Rs 2.72 crore).