The company reported standalone net profit during the quarter stood at Rs 8.63 crore compared to net loss of Rs 37.41 crore in the previous year quarter.

Net revenue of the company rose two fold by 216.11 per cent at Rs 160.68 crore in January-March quarter of this fiscal as against Rs 50.83 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 91.61 per cent to Rs 150.11 crore from Rs 78.34 crore in year ago period.

Other Income grew by 181.82 per cent at Rs 0.27 crore versus (Mar'24 Rs -0.33 crore).

Operating Profit surged by 138.42 per cent to Rs 10.57 crore as against Rs -27.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 112.16 per cent in March quarter.

Interest declined by 13.23 per cent y-o-y to Rs 7.41 crore, while Taxation increased by 283.33 per cent at Rs -7.59 crore (Mar'24 Rs -1.98 crore).