The company reported standalone net profit during the quarter stood at Rs 2.70 crore compared to net loss of Rs 17.91 crore in the previous year quarter.
Net revenue of the company declined marginally by 4.11 per cent at Rs 183.13 crore in January-March quarter of this fiscal as against Rs 190.98 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 8.27 per cent to Rs 179.71 crore from Rs 195.91 crore in year ago period.
Other Income dipped by 4.55 per cent at Rs 4.83 crore versus (Mar'24 Rs 5.06 crore).
Operating Profit surged by 235.70 per cent to Rs 6.69 crore as against Rs -4.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 241.47 per cent in March quarter.
Interest declined by 12.56 per cent y-o-y to Rs 19.07 crore, while Taxation decreased by 56.09 per cent at Rs -7.28 crore (Mar'24 Rs -16.58 crore).