The company reported standalone net profit during the quarter stood at Rs 1.91 crore compared to net loss of Rs 12.16 crore in the previous year quarter.
Net revenue of the company declined moderately by 9.16 per cent at Rs 225.52 crore in January-March quarter of this fiscal as against Rs 248.25 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 20.46 per cent to Rs 204.44 crore from Rs 257.04 crore in year ago period.
Other Income dipped by 94.15 per cent at Rs 0.97 crore versus (Mar'24 Rs 16.58 crore).
Operating Profit surged by 339.82 per cent to Rs 21.08 crore as against Rs -8.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 364.12 per cent in March quarter.
Interest declined by 11.82 per cent y-o-y to Rs 11.04 crore, while Taxation increased by 169.32 per cent at Rs 1.74 crore (Mar'24 Rs -2.51 crore).