The company reported standalone net profit during the quarter stood at Rs 3.38 crore compared to net loss of Rs 1.19 crore in the previous year quarter.
Net revenue of the company declined moderately by 13.92 per cent at Rs 52.50 crore in January-March quarter of this fiscal as against Rs 60.99 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 18.35 per cent to Rs 46.67 crore from Rs 57.16 crore in year ago period.
Other Income grew by 18.39 per cent at Rs 1.03 crore versus (Mar'24 Rs 0.87 crore).
Operating Profit surged by 52.48 per cent to Rs 5.84 crore as against Rs 3.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 77.07 per cent in March quarter.
Interest grew by 52.85 per cent y-o-y to Rs 1.88 crore, while Taxation decreased by 76.34 per cent at Rs 0.75 crore (Mar'24 Rs 3.17 crore).