The company reported standalone net profit during the quarter stood at Rs 70.72 crore compared to net loss of Rs 61.20 crore in the previous year quarter.
Net revenue of the company declined by 0.80 per cent at Rs 1,053.28 crore in January-March quarter of this fiscal as against Rs 1,061.82 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 5.48 per cent to Rs 968.45 crore from Rs 1,024.64 crore in year ago period.
Other Income grew by 11.61 per cent at Rs 59.91 crore versus (Mar'24 Rs 53.68 crore).
Operating Profit surged by 128.16 per cent to Rs 84.83 crore as against Rs 37.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 130.00 per cent in March quarter.
Interest declined by 1.84 per cent y-o-y to Rs 60.33 crore, while Taxation increased by 116.79 per cent at Rs 17.24 crore (Mar'24 Rs -102.67 crore).