The company reported standalone net loss during the quarter stood at Rs 80.82 crore as compared to net loss of Rs 137.49 crore in the previous year quarter.

Net revenue of the company declined substantially by 37.05 per cent at Rs 225.58 crore in October-December quarter of this fiscal as against Rs 358.37 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 38.44 per cent to Rs 217.77 crore from Rs 353.76 crore in year ago period.

Other Income dipped by 61.71 per cent at Rs 1.93 crore versus (Dec'22 Rs 5.04 crore).

Operating Profit surged by 69.41 per cent to Rs 7.81 crore as against Rs 4.61 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 168.22 per cent in December quarter.

Interest declined by 42.14 per cent y-o-y to Rs 115.49 crore, while Taxation decreased by 42.71 per cent at Rs -41.94 crore (Dec'22 Rs -73.21 crore).