The company reported standalone net profit during the quarter stood at Rs 9.27 crore compared to net loss of Rs 10.34 crore in the previous year quarter.

Net revenue of the company rose moderately by 19.43 per cent at Rs 30.06 crore in January-March quarter of this fiscal as against Rs 25.17 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 11.49 per cent to Rs 35.28 crore from Rs 39.86 crore in year ago period.

Other Income grew by 43.72 per cent at Rs 18.77 crore versus (Mar'23 Rs 13.06 crore).

Operating Profit slipped by 64.37 per cent to Rs -5.23 crore as against Rs -14.68 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 70.19 per cent in March quarter.

Interest grew by 144.44 per cent y-o-y to Rs 0.44 crore, while Taxation decreased by 91.98 per cent at Rs 0.41 crore (Mar'23 Rs 5.11 crore).