The company reported standalone net profit during the quarter stood at Rs 0.32 crore compared to net loss of Rs 2.88 crore in the previous year quarter.

Net revenue of the company rose substantially by 35.91 per cent at Rs 50.98 crore in October-December quarter of this fiscal as against Rs 37.51 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 24.31 per cent to Rs 50.36 crore from Rs 40.51 crore in year ago period.

Other Income dipped by 37.97 per cent at Rs 0.49 crore versus (Dec'23 Rs 0.79 crore).

Operating Profit surged by 120.33 per cent to Rs 0.61 crore as against Rs -3.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 115.00 per cent in December quarter.

Interest grew by 9.68 per cent y-o-y to Rs 0.34 crore, while Taxation increased by 900.00 per cent at Rs 0.08 crore (Dec'23 Rs -0.01 crore).