The company reported standalone net profit during the quarter stood at Rs 4.55 crore compared to net loss of Rs 1.47 crore in the previous year quarter.

Net revenue of the company rose substantially by 51.93 per cent at Rs 16.91 crore in July-September quarter of this fiscal as against Rs 11.13 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.17 per cent to Rs 11.64 crore from Rs 11.66 crore in year ago period.

Operating Profit surged by 1094.34 per cent to Rs 5.27 crore as against Rs -0.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 748.96 per cent in September quarter.

Interest grew by 3.39 per cent y-o-y to Rs 0.61 crore