The company reported standalone net profit during the quarter stood at Rs 5.52 crore compared to net loss of Rs 6.92 crore in the previous year quarter.
Net revenue of the company declined substantially by 25.20 per cent at Rs 75.41 crore in January-March quarter of this fiscal as against Rs 100.82 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 15.43 per cent to Rs 71.03 crore from Rs 83.99 crore in year ago period.
Other Income grew by 4650.00 per cent at Rs 4.75 crore versus (Mar'24 Rs 0.10 crore).
Operating Profit slipped by 73.98 per cent to Rs 4.38 crore as against Rs 16.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 65.19 per cent in March quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 86.36 per cent at Rs 3.20 crore (Mar'24 Rs 23.46 crore).