The company reported standalone net loss during the quarter stood at Rs 699.78 crore as compared to net loss of Rs 577.30 crore in the previous year quarter.

Net revenue of the company declined substantially by 53.39 per cent at Rs 15.74 crore in October-December quarter of this fiscal as against Rs 33.77 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.94 per cent to Rs 43.39 crore from Rs 45.17 crore in year ago period.

Other Income dipped by 70.29 per cent at Rs 2.35 crore versus (Dec'22 Rs 7.91 crore).

Operating Profit surged by 142.54 per cent to Rs -27.65 crore as against Rs -11.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 420.44 per cent in December quarter.

Interest grew by 17.81 per cent y-o-y to Rs 672.47 crore, while Taxation increased by 0.00 per cent at Rs 0.38 crore (Dec'22 Rs 0.38 crore).