The company reported standalone net profit during the quarter stood at Rs 3.90 crore compared to net loss of Rs 0.13 crore in the previous year quarter.

Net revenue of the company declined substantially by 29.00 per cent at Rs 153.43 crore in January-March quarter of this fiscal as against Rs 216.10 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 31.65 per cent to Rs 142.26 crore from Rs 208.12 crore in year ago period.

Other Income dipped by 20.00 per cent at Rs 0.28 crore versus (Mar'24 Rs 0.35 crore).

Operating Profit surged by 40.15 per cent to Rs 11.17 crore as against Rs 7.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 97.29 per cent in March quarter.

Interest grew by 13.87 per cent y-o-y to Rs 2.71 crore, while Taxation decreased by 50.35 per cent at Rs 1.43 crore (Mar'24 Rs 2.88 crore).