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The company reported standalone net loss during the quarter stood at Rs 16.89 crore compared to net profit of Rs 22.23 crore in the previous year quarter.  Net revenue of the company declined substantially by 32.30 per cent at Rs 450.39 crore in January-March quarter of this fiscal as against Rs 665.29 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 33.48 per cent to Rs 452.53 crore from Rs 680.25 crore in year ago period. Other Income dipped by 33.71 per cent at Rs 163.00 crore versus (Mar'20 Rs 245.89 crore).

Operating Profit slipped by 85.70 per cent to Rs -2.14 crore as against Rs -14.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 78.67 per cent in March quarter. Interest declined by 14.83 per cent y-o-y to Rs 177.68 crore