The company reported standalone net loss during the quarter stood at Rs 97.77 crore as compared to net loss of Rs 56.67 crore in the previous year quarter.

Net revenue of the company declined substantially by 86.36 per cent at Rs 50.82 crore in October-December quarter of this fiscal as against Rs 372.50 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 68.35 per cent to Rs 72.67 crore from Rs 229.57 crore in year ago period.

Other Income grew by 101.04 per cent at Rs 1.39 crore versus (Dec'17 Rs -133.64 crore).

Operating Profit slipped by 115.29 per cent to Rs -21.85 crore as against Rs 142.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 212.04 per cent in December quarter.

Interest grew by 16.87 per cent y-o-y to Rs 76.43 crore, while Taxation increased by 2000.00 per cent at Rs 0.21 crore (Dec'17 Rs 0.01 crore).