The company reported standalone net loss during the quarter stood at Rs 61.80 crore as compared to net loss of Rs 43.27 crore in the previous year quarter.

Net revenue of the company declined substantially by 45.36 per cent at Rs 114.70 crore in October-December quarter of this fiscal as against Rs 209.91 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 35.82 per cent to Rs 139.75 crore from Rs 217.73 crore in year ago period.

Other Income dipped by 17.69 per cent at Rs 12.66 crore versus (Dec'22 Rs 15.38 crore).

Operating Profit surged by 220.33 per cent to Rs -25.05 crore as against Rs -7.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 485.52 per cent in December quarter.

Interest grew by 5.42 per cent y-o-y to Rs 45.49 crore, while Taxation decreased by 96.48 per cent at Rs -0.10 crore (Dec'22 Rs -2.84 crore).