The company reported standalone net profit during the quarter stood at Rs 1.71 crore compared to net loss of Rs 1.75 crore in the previous year quarter.

Net revenue of the company rose marginally by 2.40 per cent at Rs 174.86 crore in January-March quarter of this fiscal as against Rs 170.77 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 0.73 per cent to Rs 162.27 crore from Rs 163.47 crore in year ago period.

Other Income grew by 37.50 per cent at Rs 0.66 crore versus (Mar'24 Rs 0.48 crore).

Operating Profit surged by 72.47 per cent to Rs 12.59 crore as against Rs 7.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 68.62 per cent in March quarter.

Interest declined by 7.11 per cent y-o-y to Rs 4.05 crore, while Taxation increased by 450.00 per cent at Rs 1.75 crore (Mar'24 Rs -0.50 crore).