The company reported standalone net loss during the quarter stood at Rs 31.74 crore as compared to net loss of Rs 351.03 crore in the previous year quarter.

Net revenue of the company rose substantially by 28.21 per cent at Rs 444.04 crore in January-March quarter of this fiscal as against Rs 346.33 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 28.34 per cent to Rs 429.54 crore from Rs 334.69 crore in year ago period.

Other Income grew by 175.09 per cent at Rs 138.67 crore versus (Mar'21 Rs -184.68 crore).

Operating Profit surged by 24.57 per cent to Rs 14.50 crore as against Rs 11.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.68 per cent in March quarter.

Interest grew by 4.23 per cent y-o-y to Rs 177.47 crore, while Taxation increased by 0.00 per cent at Rs 0.02 crore (Mar'21 Rs 0.00 crore).