The company reported standalone net profit during the quarter stood at Rs 1.73 crore compared to net loss of Rs 1.45 crore in the previous year quarter.

Net revenue of the company rose by 5.43 per cent at Rs 48.90 crore in October-December quarter of this fiscal as against Rs 46.38 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.92 per cent to Rs 44.38 crore from Rs 46.19 crore in year ago period.

Operating Profit surged by 2278.95 per cent to Rs 4.52 crore as against Rs 0.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2153.66 per cent in December quarter.

Interest grew by 88.06 per cent y-o-y to Rs 1.26 crore, while Taxation increased by 133.33 per cent at Rs 0.01 crore (Dec'22 Rs -0.03 crore).