The company reported standalone net profit during the quarter stood at Rs 157.88 crore compared to net loss of Rs 68.05 crore in the previous year quarter.
Net revenue of the company declined substantially by 35.32 per cent at Rs 94.71 crore in January-March quarter of this fiscal as against Rs 146.43 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 34.58 per cent to Rs 100.57 crore from Rs 153.74 crore in year ago period.
Other Income grew by 120.20 per cent at Rs 0.40 crore versus (Mar'24 Rs -1.98 crore).
Operating Profit slipped by 19.73 per cent to Rs -5.86 crore as against Rs -7.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.05 per cent in March quarter.
Interest declined by 94.59 per cent y-o-y to Rs 0.81 crore, while Taxation decreased by 72.63 per cent at Rs -9.05 crore (Mar'24 Rs -33.06 crore).