The company reported standalone net loss during the quarter stood at Rs 6.54 crore as compared to net loss of Rs 32.28 crore in the previous year quarter.
Net revenue of the company declined by 0.65 per cent at Rs 240.38 crore in October-December quarter of this fiscal as against Rs 241.96 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 3.89 per cent to Rs 242.25 crore from Rs 252.06 crore in year ago period.
Other Income dipped by 5.32 per cent at Rs 179.85 crore versus (Dec'17 Rs 189.95 crore).
Operating Profit slipped by 81.49 per cent to Rs -1.87 crore as against Rs -10.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 81.29 per cent in December quarter.
Interest declined by 12.18 per cent y-o-y to Rs 186.28 crore, while Taxation increased by 0.00 per cent at Rs -1.80 crore (Dec'17 Rs 0.00 crore).