The company reported standalone net profit during the quarter stood at Rs 2.23 crore compared to net loss of Rs 0.07 crore in the previous year quarter.
Net revenue of the company declined substantially by 61.56 per cent at Rs 14.33 crore in January-March quarter of this fiscal as against Rs 37.28 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 69.23 per cent to Rs 11.03 crore from Rs 35.85 crore in year ago period.
Other Income grew by 800.00 per cent at Rs 0.09 crore versus (Mar'24 Rs 0.01 crore).
Operating Profit surged by 132.39 per cent to Rs 3.30 crore as against Rs 1.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 503.40 per cent in March quarter.
Interest grew by 32.26 per cent y-o-y to Rs 0.82 crore, while Taxation decreased by 74.55 per cent at Rs 0.14 crore (Mar'24 Rs 0.55 crore).