The company reported standalone net profit during the quarter stood at Rs 0.50 crore compared to net loss of Rs 13.41 crore in the previous year quarter.
Net revenue of the company declined substantially by 63.64 per cent at Rs 5.40 crore in January-March quarter of this fiscal as against Rs 14.85 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 82.78 per cent to Rs 4.89 crore from Rs 28.40 crore in year ago period.
Operating Profit surged by 103.69 per cent to Rs 0.50 crore as against Rs -13.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.21 per cent in March quarter.