The company reported standalone net profit during the quarter stood at Rs 0.52 crore compared to net loss of Rs 8.15 crore in the previous year quarter.
Net revenue of the company declined substantially by 25.11 per cent at Rs 20.97 crore in January-March quarter of this fiscal as against Rs 28.00 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 40.63 per cent to Rs 17.33 crore from Rs 29.19 crore in year ago period.
Other Income grew by 111.76 per cent at Rs 0.02 crore versus (Mar'24 Rs -0.17 crore).
Operating Profit surged by 405.88 per cent to Rs 3.64 crore as against Rs -1.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 507.75 per cent in March quarter.
Interest declined by 15.60 per cent y-o-y to Rs 1.19 crore, while Taxation decreased by 800.00 per cent at Rs -0.14 crore (Mar'24 Rs 0.02 crore).