The company reported standalone net profit during the quarter stood at Rs 3.02 crore compared to net loss of Rs 12.79 crore in the previous year quarter.
Net revenue of the company declined substantially by 54.79 per cent at Rs 9.02 crore in January-March quarter of this fiscal as against Rs 19.95 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 44.87 per cent to Rs 13.01 crore from Rs 23.60 crore in year ago period.
Other Income grew by 165.20 per cent at Rs 7.24 crore versus (Mar'24 Rs 2.73 crore).
Operating Profit surged by 9.02 per cent to Rs -3.99 crore as against Rs -3.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 140.79 per cent in March quarter.
Taxation increased by 4.88 per cent at Rs -0.86 crore (Mar'24 Rs -0.82 crore).