The company reported standalone net profit during the quarter stood at Rs 24.17 crore compared to net loss of Rs 204.19 crore in the previous year quarter.

Net revenue of the company declined substantially by 27.74 per cent at Rs 94.30 crore in April-June quarter of this fiscal as against Rs 130.50 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 41.67 per cent to Rs 32.29 crore from Rs 55.36 crore in year ago period.

Other Income dipped by 53.00 per cent at Rs 7.52 crore versus (Jun'24 Rs 16.00 crore).

Operating Profit slipped by 17.47 per cent to Rs 62.01 crore as against Rs 75.14 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.21 per cent in June quarter.

Interest declined by 8.14 per cent y-o-y to Rs 104.64 crore