The company reported standalone net profit during the quarter stood at Rs 44.49 crore compared to net loss of Rs 45.64 crore in the previous year quarter.

Net revenue of the company rose moderately by 8.57 per cent at Rs 99.70 crore in January-March quarter of this fiscal as against Rs 91.83 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 46.27 per cent to Rs 73.20 crore from Rs 136.23 crore in year ago period.

Other Income dipped by 36.90 per cent at Rs 2.24 crore versus (Mar'24 Rs 3.55 crore).

Operating Profit surged by 159.68 per cent to Rs 26.50 crore as against Rs -44.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 154.97 per cent in March quarter.

Interest declined by 63.73 per cent y-o-y to Rs 0.74 crore, while Taxation increased by 0.00 per cent at Rs -15.40 crore (Mar'24 Rs 0.00 crore).