The company reported standalone net loss during the quarter stood at Rs 36.00 crore as compared to net loss of Rs 275.10 crore in the previous year quarter. Net revenue of the company rose substantially by 39.46 per cent at Rs 1,283.90 crore in July-September quarter of this fiscal as against Rs 920.60 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 34.53 per cent to Rs 1,362.40 crore from Rs 1,012.70 crore in year ago period. Other Income dipped by 68.72 per cent at Rs 11.20 crore versus (Sep'18 Rs 35.80 crore).
Operating Profit slipped by 14.77 per cent to Rs -78.50 crore as against Rs -92.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.90 per cent in September quarter. Interest declined by 31.32 per cent y-o-y to Rs 117.10 crore, while Taxation increased by 1664.91 per cent at Rs 89.20 crore (Sep'18 Rs -5.70 crore).