The company reported standalone net profit during the quarter stood at Rs 0.38 crore compared to net loss of Rs 0.77 crore in the previous year quarter.

Net revenue of the company rose substantially by 24.61 per cent at Rs 36.05 crore in October-December quarter of this fiscal as against Rs 28.93 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 23.90 per cent to Rs 33.70 crore from Rs 27.20 crore in year ago period.

Other Income grew by 4933.33 per cent at Rs 1.51 crore versus (Dec'23 Rs 0.03 crore).

Operating Profit surged by 35.84 per cent to Rs 2.35 crore as against Rs 1.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.85 per cent in December quarter.

Interest grew by 41.55 per cent y-o-y to Rs 2.93 crore, while Taxation increased by 0.00 per cent at Rs 0.13 crore (Dec'23 Rs 0.00 crore).