The company reported standalone net profit during the quarter stood at Rs 48.43 crore compared to net loss of Rs 7.75 crore in the previous year quarter.
Net revenue of the company declined moderately by 10.34 per cent at Rs 243.02 crore in January-March quarter of this fiscal as against Rs 271.06 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 14.72 per cent to Rs 236.89 crore from Rs 277.79 crore in year ago period.
Other Income grew by 55.32 per cent at Rs 0.73 crore versus (Mar'24 Rs 0.47 crore).
Operating Profit surged by 191.23 per cent to Rs 6.14 crore as against Rs -6.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 202.02 per cent in March quarter.
Interest grew by 0.00 per cent y-o-y to Rs 1.63 crore, while Taxation increased by 309.19 per cent at Rs 9.33 crore (Mar'24 Rs -4.46 crore).