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The company reported standalone net profit during the quarter stood at Rs 5.74 crore compared to net loss of Rs 69.79 crore in the previous year quarter.
Net revenue of the company rose moderately by 11.76 per cent at Rs 26.51 crore in April-June quarter of this fiscal as against Rs 23.72 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 79.02 per cent to Rs 14.17 crore from Rs 67.54 crore in year ago period.
Other Income grew by 623.60 per cent at Rs 19.32 crore versus (Jun'23 Rs 2.67 crore).
Operating Profit surged by 128.15 per cent to Rs 12.34 crore as against Rs -43.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 125.19 per cent in June quarter.
Interest grew by 0.63 per cent y-o-y to Rs 15.99 crore, while Taxation decreased by 89.49 per cent at Rs 0.33 crore (Jun'23 Rs 3.14 crore).
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