The company reported standalone net loss during the quarter stood at Rs 5.76 crore as compared to net loss of Rs 18.84 crore in the previous year quarter.

Net revenue of the company declined moderately by 8.93 per cent at Rs 437.36 crore in July-September quarter of this fiscal as against Rs 480.23 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 13.95 per cent to Rs 404.94 crore from Rs 470.58 crore in year ago period.

Other Income grew by 566.10 per cent at Rs 3.93 crore versus (Sep'18 Rs 0.59 crore).

Operating Profit surged by 235.96 per cent to Rs 32.42 crore as against Rs 9.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 268.66 per cent in September quarter.

Interest grew by 47.08 per cent y-o-y to Rs 33.74 crore, while Taxation decreased by 41.36 per cent at Rs -2.85 crore (Sep'18 Rs -4.86 crore).