The company reported standalone net loss during the quarter stood at Rs 1154.24 crore compared to net profit of Rs 145.08 crore in the previous year quarter.ÿ
Net revenue of the company rose substantially by 28.95 per cent at Rs 7,353.15 crore in January-March quarter of this fiscal as against Rs 5,702.39 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 40.86 per cent to Rs 5,962.41 crore from Rs 4,232.87 crore in year ago period.
Operating Profit slipped by 5.19 per cent to Rs 1,439.94 crore as against Rs 1,518.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.47 per cent in March quarter.
Interest grew by 42.71 per cent y-o-y to Rs 979.50 crore, while Taxation decreased by 2585.25 per cent at Rs -614.85 crore (Mar'18 Rs 24.74 crore).