The company reported standalone net profit during the quarter stood at Rs 1.58 crore compared to net loss of Rs 14.59 crore in the previous year quarter.
Net revenue of the company declined substantially by 25.75 per cent at Rs 38.50 crore in January-March quarter of this fiscal as against Rs 51.85 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 36.49 per cent to Rs 34.99 crore from Rs 55.09 crore in year ago period.
Other Income dipped by 10.64 per cent at Rs 1.68 crore versus (Mar'18 Rs 1.88 crore).
Operating Profit surged by 208.33 per cent to Rs 3.51 crore as against Rs -3.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 246.15 per cent in March quarter.
Interest declined by 52.89 per cent y-o-y to Rs 1.06 crore