It had posted a net loss of Rs 48.06 crore in the April- June period of last fiscal.
The company said in a BSE filing that income from operations also declined to Rs 640.79 crore during the first quarter of the ongoing fiscal from Rs 658.97 crore in the year-ago period.
Its finance cost rose to Rs 93 crore from Rs 75 crore during the period under review.
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