The company reported standalone net profit during the quarter stood at Rs 0.44 crore compared to net loss of Rs 0.50 crore in the previous year quarter.

Net revenue of the company rose three fold by 654.84 per cent at Rs 4.68 crore in October-December quarter of this fiscal as against Rs 0.62 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 317.00 per cent to Rs 4.17 crore from Rs 1.00 crore in year ago period.

Operating Profit surged by 330.65 per cent to Rs 2.67 crore as against Rs 0.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.03 per cent in December quarter.

Interest grew by 22.73 per cent y-o-y to Rs 0.27 crore, while Taxation increased by 47.83 per cent at Rs 0.34 crore (Dec'22 Rs 0.23 crore).