The company reported standalone net profit during the quarter stood at Rs 1.02 crore compared to net loss of Rs 0.58 crore in the previous year quarter.
Net revenue of the company declined substantially by 21.87 per cent at Rs 24.15 crore in January-March quarter of this fiscal as against Rs 30.91 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 22.23 per cent to Rs 20.99 crore from Rs 26.99 crore in year ago period.
Other Income dipped by 15.15 per cent at Rs 0.56 crore versus (Mar'24 Rs 0.66 crore).
Operating Profit slipped by 19.13 per cent to Rs 3.17 crore as against Rs 3.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.47 per cent in March quarter.
Interest grew by 39.22 per cent y-o-y to Rs 0.71 crore, while Taxation decreased by 67.00 per cent at Rs 1.32 crore (Mar'24 Rs 4.00 crore).