The company reported standalone net profit during the quarter stood at Rs 0.09 crore compared to net loss of Rs 5.72 crore in the previous year quarter.

Net revenue of the company rose moderately by 11.65 per cent at Rs 16.58 crore in January-March quarter of this fiscal as against Rs 14.85 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 58.95 per cent to Rs 9.26 crore from Rs 22.56 crore in year ago period.

Other Income grew by 378.57 per cent at Rs 1.34 crore versus (Mar'19 Rs 0.28 crore).

Operating Profit surged by 194.94 per cent to Rs 7.32 crore as against Rs -7.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 185.01 per cent in March quarter.

Interest grew by 19.30 per cent y-o-y to Rs 7.11 crore, while Taxation increased by 105.19 per cent at Rs 0.41 crore (Mar'19 Rs -7.90 crore).