The company reported standalone net profit during the quarter stood at Rs 215.87 crore compared to net loss of Rs 1070.92 crore in the previous year quarter.

Net revenue of the company declined substantially by 39.49 per cent at Rs 65.36 crore in January-March quarter of this fiscal as against Rs 108.02 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 48.66 per cent to Rs 140.53 crore from Rs 273.75 crore in year ago period.

Other Income grew by 54.96 per cent at Rs 77.93 crore versus (Mar'24 Rs 50.29 crore).

Operating Profit slipped by 54.64 per cent to Rs -75.17 crore as against Rs -165.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.04 per cent in March quarter.

Interest declined by 81.12 per cent y-o-y to Rs 36.54 crore, while Taxation increased by 314.29 per cent at Rs 0.29 crore (Mar'24 Rs 0.07 crore).