The company reported standalone net profit during the quarter stood at Rs 0.05 crore compared to net loss of Rs 0.65 crore in the previous year quarter.
Net revenue of the company declined substantially by 32.66 per cent at Rs 38.86 crore in January-March quarter of this fiscal as against Rs 57.71 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 34.24 per cent to Rs 38.82 crore from Rs 59.03 crore in year ago period.
Other Income dipped by 76.47 per cent at Rs 0.08 crore versus (Mar'24 Rs 0.34 crore).
Operating Profit surged by 103.03 per cent to Rs 0.04 crore as against Rs -1.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.37 per cent in March quarter.
Interest declined by 93.75 per cent y-o-y to Rs -0.01 crore, while Taxation increased by 103.03 per cent at Rs 0.01 crore (Mar'24 Rs -0.33 crore).