The company reported standalone net profit during the quarter stood at Rs 6.40 crore compared to net loss of Rs 9.58 crore in the previous year quarter.

Net revenue of the company declined substantially by 32.18 per cent at Rs 88.17 crore in January-March quarter of this fiscal as against Rs 130.01 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.04 per cent to Rs 84.18 crore from Rs 76.50 crore in year ago period.

Other Income dipped by 21.95 per cent at Rs 5.69 crore versus (Mar'24 Rs 7.29 crore).

Operating Profit slipped by 92.56 per cent to Rs 3.98 crore as against Rs 53.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 89.02 per cent in March quarter.

Interest grew by 4.00 per cent y-o-y to Rs 0.52 crore, while Taxation increased by 177.97 per cent at Rs 2.30 crore (Mar'24 Rs -2.95 crore).