The company reported standalone net profit during the quarter stood at Rs 1.40 crore compared to net loss of Rs 15.98 crore in the previous year quarter.
Net revenue of the company rose two fold by 245.48 per cent at Rs 68.82 crore in January-March quarter of this fiscal as against Rs 19.92 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 116.09 per cent to Rs 68.76 crore from Rs 31.82 crore in year ago period.
Other Income grew by 94.12 per cent at Rs 1.65 crore versus (Mar'24 Rs 0.85 crore).
Operating Profit surged by 100.50 per cent to Rs 0.06 crore as against Rs -11.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 100.15 per cent in March quarter.
Interest grew by 216.67 per cent y-o-y to Rs 1.71 crore, while Taxation decreased by 146.43 per cent at Rs -1.82 crore (Mar'24 Rs 3.92 crore).