The company reported standalone net profit during the quarter stood at Rs 66.39 crore compared to net loss of Rs 246.13 crore in the previous year quarter.

Net revenue of the company declined substantially by 43.20 per cent at Rs 380.65 crore in January-March quarter of this fiscal as against Rs 670.17 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 44.54 per cent to Rs 424.51 crore from Rs 765.50 crore in year ago period.

Other Income grew by 244.66 per cent at Rs 70.93 crore versus (Mar'23 Rs 20.58 crore).

Operating Profit slipped by 53.99 per cent to Rs -43.86 crore as against Rs -95.33 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.99 per cent in March quarter.

Interest declined by 96.15 per cent y-o-y to Rs 5.19 crore, while Taxation decreased by 293.27 per cent at Rs -52.30 crore (Mar'23 Rs 27.06 crore).