The company reported standalone net loss during the quarter stood at Rs 267.72 crore compared to net profit of Rs 969.88 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 26.66 per cent at Rs 17,860.57 crore in October-December quarter of this fiscal as against Rs 14,100.98 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 45.44 per cent to Rs 17,965.31 crore from Rs 12,352.45 crore in year ago period.
Other Income grew by 82.12 per cent at Rs 36.77 crore versus (Dec'17 Rs 20.19 crore).
Operating Profit slipped by 105.99 per cent to Rs -104.74 crore as against Rs 1,748.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.76 per cent in December quarter.
Interest declined by 13.80 per cent y-o-y to Rs 99.89 crore, while Taxation decreased by 117.51 per cent at Rs -89.46 crore (Dec'17 Rs 511.00 crore).