The company reported standalone net loss during the quarter stood at Rs 76.06 crore as compared to net loss of Rs 43.15 crore in the previous year quarter.

Net revenue of the company declined substantially by 26.07 per cent at Rs 145.76 crore in October-December quarter of this fiscal as against Rs 197.17 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 7.58 per cent to Rs 213.39 crore from Rs 230.88 crore in year ago period.

Operating Profit surged by 97.33 per cent to Rs -66.52 crore as against Rs -33.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 166.90 per cent in December quarter.