The company reported standalone net profit during the quarter stood at Rs 1.52 crore compared to net loss of Rs 76.38 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.14 per cent at Rs 25.25 crore in January-March quarter of this fiscal as against Rs 29.41 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 90.15 per cent to Rs 8.19 crore from Rs 83.14 crore in year ago period.

Other Income grew by 28.18 per cent at Rs 3.73 crore versus (Mar'24 Rs 2.91 crore).

Operating Profit surged by 131.75 per cent to Rs 17.06 crore as against Rs -53.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 136.98 per cent in March quarter.

Interest grew by 1.63 per cent y-o-y to Rs 16.24 crore, while Taxation increased by 0.00 per cent at Rs 1.50 crore (Mar'24 Rs 0.00 crore).