The company reported standalone net profit during the quarter stood at Rs 29.89 crore compared to net loss of Rs 2.99 crore in the previous year quarter.
Net revenue of the company declined substantially by 38.40 per cent at Rs 57.96 crore in January-March quarter of this fiscal as against Rs 94.09 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 67.80 per cent to Rs 30.20 crore from Rs 93.79 crore in year ago period.
Other Income grew by 366.59 per cent at Rs 42.04 crore versus (Mar'24 Rs 9.01 crore).
Operating Profit surged by 9153.33 per cent to Rs 27.76 crore as against Rs 0.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14868.75 per cent in March quarter.
Interest grew by 0.87 per cent y-o-y to Rs 10.44 crore, while Taxation increased by 2077.44 per cent at Rs 28.96 crore (Mar'24 Rs 1.33 crore).