The company's net loss narrowed to ₹5,560 crore from ₹6,610 crore in the previous quarter, primarily driven by lower interest charges. Revenue increased 2.4% year-on-year to ₹11,190 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 3% to ₹4,690 crore with margins stable at 41.9%. According to UBS, the net loss was lower than its estimated loss of ₹6,700 crore due to lower than expected interest charges.
