The company reported standalone net loss during the quarter stood at Rs 85.70 crore as compared to net loss of Rs 80.21 crore in the previous year quarter.

Net revenue of the company declined moderately by 16.64 per cent at Rs 261.55 crore in October-December quarter of this fiscal as against Rs 313.77 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 15.33 per cent to Rs 262.47 crore from Rs 310.00 crore in year ago period.

Other Income dipped by 19.50 per cent at Rs 1.94 crore versus (Dec'17 Rs 2.41 crore).

Operating Profit slipped by 124.40 per cent to Rs -0.92 crore as against Rs 3.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 129.17 per cent in December quarter.

Interest grew by 75.97 per cent y-o-y to Rs 2.71 crore