The company reported standalone net loss during the quarter stood at Rs 60.98 crore as compared to net loss of Rs 106.69 crore in the previous year quarter.
Net revenue of the company rose substantially by 64.19 per cent at Rs 27.19 crore in January-March quarter of this fiscal as against Rs 16.56 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 34.63 per cent to Rs 81.11 crore from Rs 124.08 crore in year ago period.
Operating Profit slipped by 49.85 per cent to Rs -53.92 crore as against Rs -107.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 69.46 per cent in March quarter.
Interest grew by 412.50 per cent y-o-y to Rs 4.51 crore