The company reported standalone net profit during the quarter stood at Rs 0.58 crore compared to net loss of Rs 2.08 crore in the previous year quarter.

Net revenue of the company rose substantially by 81.25 per cent at Rs 21.75 crore in October-December quarter of this fiscal as against Rs 12.00 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 53.19 per cent to Rs 20.65 crore from Rs 13.48 crore in year ago period.

Other Income grew by 166.67 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.06 crore).

Operating Profit surged by 174.83 per cent to Rs 1.10 crore as against Rs -1.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141.04 per cent in December quarter.

Interest declined by 12.50 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 0.00 per cent at Rs 0.03 crore (Dec'22 Rs 0.00 crore).