The company reported standalone net loss during the quarter stood at Rs 42.23 crore as compared to net loss of Rs 37.32 crore in the previous year quarter. Net revenue of the company declined substantially by 42.46 per cent at Rs 84.30 crore in October-December quarter of this fiscal as against Rs 146.50 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 38.90 per cent to Rs 95.78 crore from Rs 156.75 crore in year ago period. Other Income dipped by 3.57 per cent at Rs 1.62 crore versus (Dec'16 Rs 1.68 crore). Operating Profit surged by 15.26 per cent to Rs -11.48 crore as against Rs -9.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 100.29 per cent in December quarter. Interest grew by 22.65 per cent y-o-y to Rs 34.11 crore, while Taxation decreased by 11.14 per cent at Rs -15.08 crore (Dec'16 Rs -16.97 crore).