The company reported standalone net profit during the quarter stood at Rs 519.68 crore compared to net loss of Rs 12.14 crore in the previous year quarter.
Net revenue of the company declined substantially by 25.29 per cent at Rs 136.62 crore in January-March quarter of this fiscal as against Rs 182.87 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 5.49 per cent to Rs 173.36 crore from Rs 183.43 crore in year ago period.
Other Income dipped by 16.08 per cent at Rs 5.27 crore versus (Mar'24 Rs 6.28 crore).
Operating Profit surged by 6580.00 per cent to Rs -36.74 crore as against Rs -0.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8863.33 per cent in March quarter.
Interest declined by 154.92 per cent y-o-y to Rs -9.60 crore, while Taxation increased by 0.00 per cent at Rs 3.33 crore (Mar'24 Rs 0.00 crore).