The company reported standalone net loss during the quarter stood at Rs 419.33 crore as compared to net loss of Rs 508.86 crore in the previous year quarter.
Net revenue of the company declined moderately by 8.54 per cent at Rs 13.07 crore in October-December quarter of this fiscal as against Rs 14.29 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 74.80 per cent to Rs 32.39 crore from Rs 18.53 crore in year ago period.
Other Income grew by 51.46 per cent at Rs 12.42 crore versus (Dec'23 Rs 8.20 crore).
Operating Profit surged by 355.66 per cent to Rs -19.32 crore as against Rs -4.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 398.55 per cent in December quarter.
Interest declined by 19.61 per cent y-o-y to Rs 411.76 crore