The company reported standalone net loss during the quarter stood at Rs 77.09 crore as compared to net loss of Rs 26.58 crore in the previous year quarter.
Net revenue of the company declined substantially by 58.95 per cent at Rs 58.47 crore in January-March quarter of this fiscal as against Rs 142.43 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 26.02 per cent to Rs 63.22 crore from Rs 85.46 crore in year ago period.
Other Income dipped by 40.37 per cent at Rs 11.61 crore versus (Mar'18 Rs 19.47 crore).
Operating Profit slipped by 108.32 per cent to Rs -4.74 crore as against Rs 56.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.28 per cent in March quarter.
Interest grew by 16.01 per cent y-o-y to Rs 28.77 crore, while Taxation decreased by 54.04 per cent at Rs 17.81 crore (Mar'18 Rs 38.75 crore).