The company reported standalone net loss during the quarter stood at Rs 2795.06 crore as compared to net loss of Rs 183.95 crore in the previous year quarter.

Net revenue of the company declined substantially by 53.34 per cent at Rs 475.59 crore in October-December quarter of this fiscal as against Rs 1,019.36 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 70.06 per cent to Rs 1,840.37 crore from Rs 1,082.19 crore in year ago period.

Other Income dipped by 69.49 per cent at Rs 35.45 crore versus (Dec'17 Rs 116.21 crore).

Operating Profit surged by 2072.18 per cent to Rs -1,364.78 crore as against Rs -62.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4558.60 per cent in December quarter.

Interest grew by 18.80 per cent y-o-y to Rs 245.78 crore, while Taxation increased by 0.00 per cent at Rs 1,199.00 crore (Dec'17 Rs 0.00 crore).