The company reported standalone net loss during the quarter stood at Rs 137.15 crore as compared to net loss of Rs 77.66 crore in the previous year quarter. Net revenue of the company rose moderately by 15.98 per cent at Rs 570.17 crore in October-December quarter of this fiscal as against Rs 491.61 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 28.72 per cent to Rs 607.86 crore from Rs 472.22 crore in year ago period. Other Income dipped by 20.57 per cent at Rs 4.17 crore versus (Dec'18 Rs 5.25 crore).

Operating Profit slipped by 213.61 per cent to Rs -24.54 crore as against Rs 21.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 197.95 per cent in December quarter.

Interest grew by 29.49 per cent y-o-y to Rs 63.41 crore