The company reported standalone net profit during the quarter stood at Rs 0.84 crore compared to net loss of Rs 2.89 crore in the previous year quarter.

Net revenue of the company rose substantially by 36.49 per cent at Rs 253.29 crore in October-December quarter of this fiscal as against Rs 185.57 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 35.89 per cent to Rs 246.17 crore from Rs 181.16 crore in year ago period.

Other Income grew by 160.53 per cent at Rs 0.23 crore versus (Dec'23 Rs -0.38 crore).

Operating Profit surged by 61.31 per cent to Rs 7.13 crore as against Rs 4.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.07 per cent in December quarter.

Interest grew by 18.45 per cent y-o-y to Rs 3.21 crore, while Taxation decreased by 56.52 per cent at Rs 0.40 crore (Dec'23 Rs 0.92 crore).