The company reported standalone net profit during the quarter stood at Rs 31.61 crore compared to net loss of Rs 10.72 crore in the previous year quarter.
Net revenue of the company declined substantially by 33.32 per cent at Rs 286.73 crore in April-June quarter of this fiscal as against Rs 430.04 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 34.93 per cent to Rs 299.04 crore from Rs 459.54 crore in year ago period.
Other Income grew by 48.49 per cent at Rs 53.10 crore versus (Jun'24 Rs 35.76 crore).
Operating Profit slipped by 58.27 per cent to Rs -12.31 crore as against Rs -29.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.46 per cent in June quarter.
Interest declined by 53.77 per cent y-o-y to Rs 5.58 crore