The company reported standalone net profit during the quarter stood at Rs 1.10 crore compared to net loss of Rs 0.06 crore in the previous year quarter.
Net revenue of the company declined substantially by 58.26 per cent at Rs 7.88 crore in January-March quarter of this fiscal as against Rs 18.88 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 64.69 per cent to Rs 6.54 crore from Rs 18.52 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.09 crore versus (Mar'24 Rs 0.00 crore).
Operating Profit surged by 272.22 per cent to Rs 1.34 crore as against Rs 0.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 784.38 per cent in March quarter.
Interest declined by 22.86 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 60.00 per cent at Rs 0.02 crore (Mar'24 Rs 0.05 crore).