The company reported standalone net profit during the quarter stood at Rs 0.95 crore compared to net loss of Rs 8.61 crore in the previous year quarter.
Net revenue of the company rose substantially by 88.09 per cent at Rs 144.38 crore in April-June quarter of this fiscal as against Rs 76.76 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 69.01 per cent to Rs 136.54 crore from Rs 80.79 crore in year ago period.
Other Income grew by 100.00 per cent at Rs 0.40 crore versus (Jun'20 Rs 0.20 crore).
Operating Profit surged by 294.54 per cent to Rs 7.84 crore as against Rs -4.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 203.43 per cent in June quarter.
Interest declined by 46.49 per cent y-o-y to Rs 3.05 crore, while Taxation increased by 109.74 per cent at Rs 0.45 crore (Jun'20 Rs -4.62 crore).