The company reported standalone net profit during the quarter stood at Rs 0.67 crore compared to net loss of Rs 0.20 crore in the previous year quarter.

Net revenue of the company rose marginally by 1.09 per cent at Rs 18.57 crore in October-December quarter of this fiscal as against Rs 18.37 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 5.20 per cent to Rs 18.24 crore from Rs 19.24 crore in year ago period.

Other Income dipped by 4.76 per cent at Rs 1.00 crore versus (Dec'23 Rs 1.05 crore).

Operating Profit surged by 137.93 per cent to Rs 0.33 crore as against Rs -0.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 137.55 per cent in December quarter.

Interest grew by 23.53 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 700.00 per cent at Rs 0.24 crore (Dec'23 Rs -0.04 crore).