The company reported standalone net profit during the quarter stood at Rs 34.00 crore compared to net loss of Rs 89.00 crore in the previous year quarter.
Net revenue of the company rose substantially by 41.56 per cent at Rs 4,789.00 crore in April-June quarter of this fiscal as against Rs 3,383.00 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 42.40 per cent to Rs 4,584.00 crore from Rs 3,219.00 crore in year ago period.
Other Income dipped by 8.27 per cent at Rs 233.00 crore versus (Jun'24 Rs 254.00 crore).
Operating Profit surged by 25.00 per cent to Rs 205.00 crore as against Rs 164.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.75 per cent in June quarter.
Interest declined by 28.90 per cent y-o-y to Rs 342.00 crore, while Taxation decreased by 85.71 per cent at Rs 2.00 crore (Jun'24 Rs 14.00 crore).