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The company reported standalone net loss during the quarter stood at Rs 1510.11 crore as compared to net loss of Rs 233.96 crore in the previous year quarter. Net revenue of the company declined moderately by 15.09 per cent at Rs 321.52 crore in January-March quarter of this fiscal as against Rs 378.68 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 110.95 per cent to Rs 671.39 crore from Rs 318.27 crore in year ago period. Other Income grew by 1333.33 per cent at Rs 3.01 crore versus (Mar'21 Rs 0.21 crore).

Operating Profit slipped by 679.16 per cent to Rs -349.87 crore as against Rs 60.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 782.26 per cent in March quarter. Interest declined by 2.91 per cent y-o-y to Rs 177.42 crore