The company reported standalone net profit during the quarter stood at Rs 2.07 crore compared to net loss of Rs 9.55 crore in the previous year quarter.
Net revenue of the company rose substantially by 99.87 per cent at Rs 31.04 crore in January-March quarter of this fiscal as against Rs 15.53 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 65.01 per cent to Rs 27.16 crore from Rs 16.46 crore in year ago period.
Other Income grew by 95.48 per cent at Rs -3.89 crore versus (Mar'24 Rs -1.99 crore).
Operating Profit surged by 517.20 per cent to Rs 3.88 crore as against Rs -0.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 309.20 per cent in March quarter.
Interest grew by 16.24 per cent y-o-y to Rs 1.36 crore, while Taxation increased by 153.13 per cent at Rs 0.17 crore (Mar'24 Rs -0.32 crore).