The company reported standalone net loss during the quarter stood at Rs 99.34 crore compared to net profit of Rs 19.38 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 15.29 per cent at Rs 1,465.95 crore in October-December quarter of this fiscal as against Rs 1,730.45 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.05 per cent to Rs 1,491.77 crore from Rs 1,622.29 crore in year ago period.

Other Income dipped by 30.40 per cent at Rs 1.90 crore versus (Dec'23 Rs 2.73 crore).

Operating Profit slipped by 123.87 per cent to Rs -25.82 crore as against Rs 108.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.16 per cent in December quarter.

Interest declined by 41.18 per cent y-o-y to Rs 22.31 crore