The company reported standalone net profit during the quarter stood at Rs 2.51 crore compared to net loss of Rs 2.14 crore in the previous year quarter.
Net revenue of the company declined moderately by 8.05 per cent at Rs 127.16 crore in January-March quarter of this fiscal as against Rs 138.29 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 10.39 per cent to Rs 117.69 crore from Rs 131.34 crore in year ago period.
Other Income grew by 192.11 per cent at Rs 1.11 crore versus (Mar'21 Rs 0.38 crore).
Operating Profit surged by 36.26 per cent to Rs 9.47 crore as against Rs 6.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 48.11 per cent in March quarter.
Interest declined by 46.82 per cent y-o-y to Rs 3.34 crore, while Taxation increased by 4.26 per cent at Rs -2.45 crore (Mar'21 Rs -2.35 crore).