The company reported standalone net profit during the quarter stood at Rs 0.29 crore compared to net loss of Rs 1.24 crore in the previous year quarter.

Net revenue of the company rose substantially by 27.04 per cent at Rs 32.65 crore in October-December quarter of this fiscal as against Rs 25.70 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 23.06 per cent to Rs 30.04 crore from Rs 24.41 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.26 crore versus (Dec'23 Rs 0.26 crore).

Operating Profit surged by 102.33 per cent to Rs 2.61 crore as against Rs 1.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 59.16 per cent in December quarter.

Interest declined by 10.93 per cent y-o-y to Rs 1.63 crore, while Taxation increased by 10.00 per cent at Rs 0.11 crore (Dec'23 Rs 0.10 crore).