The company reported standalone net loss during the quarter stood at Rs 23.07 crore as compared to net loss of Rs 12.87 crore in the previous year quarter.
Net revenue of the company declined substantially by 32.99 per cent at Rs 91.89 crore in October-December quarter of this fiscal as against Rs 137.13 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 29.02 per cent to Rs 96.68 crore from Rs 136.20 crore in year ago period.
Other Income dipped by 24.48 per cent at Rs 5.86 crore versus (Dec'17 Rs 7.76 crore).
Operating Profit slipped by 615.05 per cent to Rs -4.79 crore as against Rs 0.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 866.18 per cent in December quarter.
Interest grew by 5.79 per cent y-o-y to Rs 15.72 crore