The company reported standalone net loss during the quarter stood at Rs 38.68 crore compared to net profit of Rs 40.50 crore in the previous year quarter.ÿ
Net revenue of the company rose moderately by 10.06 per cent at Rs 2,192.41 crore in October-December quarter of this fiscal as against Rs 1,991.98 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 11.77 per cent to Rs 2,086.65 crore from Rs 1,866.91 crore in year ago period.
Other Income dipped by 17.06 per cent at Rs 27.76 crore versus (Dec'17 Rs 33.47 crore).
Operating Profit slipped by 2.08 per cent to Rs 174.61 crore as against Rs 178.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.06 per cent in December quarter.
Interest grew by 106.15 per cent y-o-y to Rs 133.38 crore, while Taxation decreased by 4987.04 per cent at Rs -26.39 crore (Dec'17 Rs 0.54 crore).