The company reported standalone net profit during the quarter stood at Rs 5.80 crore compared to net loss of Rs 10.20 crore in the previous year quarter.

Net revenue of the company declined substantially by 63.43 per cent at Rs 59.50 crore in April-June quarter of this fiscal as against Rs 162.70 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 70.27 per cent to Rs 49.20 crore from Rs 165.50 crore in year ago period.

Other Income dipped by 96.41 per cent at Rs 0.70 crore versus (Jun'24 Rs 19.50 crore).

Operating Profit surged by 758.33 per cent to Rs 10.30 crore as against Rs 1.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2239.19 per cent in June quarter.

Interest declined by 60.53 per cent y-o-y to Rs 3.00 crore, while Taxation increased by 340.00 per cent at Rs 2.40 crore (Jun'24 Rs -1.00 crore).