The company reported standalone net profit during the quarter stood at Rs 0.36 crore compared to net loss of Rs 6.99 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.82 per cent at Rs 49.73 crore in January-March quarter of this fiscal as against Rs 58.38 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 28.18 per cent to Rs 48.83 crore from Rs 67.99 crore in year ago period.

Operating Profit surged by 109.48 per cent to Rs 0.91 crore as against Rs -9.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 111.06 per cent in March quarter.

Interest declined by 3.57 per cent y-o-y to Rs 0.27 crore, while Taxation increased by 104.35 per cent at Rs 0.13 crore (Mar'24 Rs -2.99 crore).