The company reported standalone net profit during the quarter stood at Rs 32.88 crore compared to net loss of Rs 14.57 crore in the previous year quarter.
Net revenue of the company rose moderately by 16.28 per cent at Rs 159.11 crore in January-March quarter of this fiscal as against Rs 136.83 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 2.56 per cent to Rs 181.70 crore from Rs 186.47 crore in year ago period.
Other Income grew by 105.59 per cent at Rs 30.88 crore versus (Mar'24 Rs 15.02 crore).
Operating Profit slipped by 54.49 per cent to Rs -22.59 crore as against Rs -49.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 60.86 per cent in March quarter.
Interest declined by 4.30 per cent y-o-y to Rs 10.24 crore, while Taxation decreased by 93.06 per cent at Rs -0.84 crore (Mar'24 Rs -12.10 crore).