The company reported standalone net loss during the quarter stood at Rs 639.01 crore as compared to net loss of Rs 819.96 crore in the previous year quarter.
Net revenue of the company declined moderately by 15.53 per cent at Rs 580.12 crore in October-December quarter of this fiscal as against Rs 686.76 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.43 per cent to Rs 866.81 crore from Rs 1,001.27 crore in year ago period.
Other Income grew by 86.86 per cent at Rs 272.52 crore versus (Dec'16 Rs 145.84 crore).
Operating Profit slipped by 7.72 per cent to Rs -286.69 crore as against Rs -310.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.24 per cent in December quarter.
Interest grew by 1.11 per cent y-o-y to Rs 386.52 crore