The company reported standalone net loss during the quarter stood at Rs 54.98 crore as compared to net loss of Rs 37.16 crore in the previous year quarter.

Net revenue of the company declined substantially by 34.74 per cent at Rs 147.12 crore in October-December quarter of this fiscal as against Rs 225.44 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 24.29 per cent to Rs 178.28 crore from Rs 235.49 crore in year ago period.

Other Income dipped by 37.63 per cent at Rs 2.37 crore versus (Dec'22 Rs 3.80 crore).

Operating Profit surged by 210.05 per cent to Rs -31.16 crore as against Rs -10.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 374.89 per cent in December quarter.

Interest grew by 23.95 per cent y-o-y to Rs 22.15 crore, while Taxation increased by 162.16 per cent at Rs -10.46 crore (Dec'22 Rs -3.99 crore).