The company reported standalone net loss during the quarter stood at Rs 81.16 crore compared to net profit of Rs 477.95 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 70.30 per cent at Rs 15,491.30 crore in July-September quarter of this fiscal as against Rs 9,096.53 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 87.43 per cent to Rs 15,346.98 crore from Rs 8,188.32 crore in year ago period.
Other Income dipped by 53.95 per cent at Rs 38.13 crore versus (Sep'17 Rs 82.81 crore).
Operating Profit slipped by 84.11 per cent to Rs 144.32 crore as against Rs 908.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 90.68 per cent in September quarter.
Interest grew by 11.37 per cent y-o-y to Rs 117.29 crore, while Taxation decreased by 105.18 per cent at Rs -10.97 crore (Sep'17 Rs 211.80 crore).