The company reported standalone net profit during the quarter stood at Rs 13.23 crore compared to net loss of Rs 0.76 crore in the previous year quarter.

Net revenue of the company rose substantially by 22.78 per cent at Rs 56.60 crore in January-March quarter of this fiscal as against Rs 46.10 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 84.74 per cent to Rs 58.25 crore from Rs 31.53 crore in year ago period.

Other Income grew by 14.63 per cent at Rs 37.37 crore versus (Mar'24 Rs 32.60 crore).

Operating Profit slipped by 111.32 per cent to Rs -1.65 crore as against Rs 14.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 109.24 per cent in March quarter.

Interest declined by 53.19 per cent y-o-y to Rs 4.11 crore, while Taxation increased by 2815.79 per cent at Rs 5.54 crore (Mar'24 Rs 0.19 crore).