The company reported standalone net profit during the quarter stood at Rs 280.66 crore compared to net loss of Rs 90.78 crore in the previous year quarter.
Net revenue of the company rose substantially by 29.08 per cent at Rs 120.35 crore in January-March quarter of this fiscal as against Rs 93.24 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 53.17 per cent to Rs 80.91 crore from Rs 172.78 crore in year ago period.
Other Income grew by 1481.82 per cent at Rs 15.20 crore versus (Mar'24 Rs -1.10 crore).
Operating Profit surged by 149.59 per cent to Rs 39.44 crore as against Rs -79.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 138.41 per cent in March quarter.
Interest declined by 72.22 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 0.00 per cent at Rs -244.74 crore (Mar'24 Rs 0.00 crore).