The company reported standalone net profit during the quarter stood at Rs 0.02 crore compared to net loss of Rs 0.66 crore in the previous year quarter.

Net revenue of the company rose moderately by 15.66 per cent at Rs 143.08 crore in October-December quarter of this fiscal as against Rs 123.71 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 16.82 per cent to Rs 138.88 crore from Rs 118.88 crore in year ago period.

Other Income grew by 36.99 per cent at Rs 8.37 crore versus (Dec'22 Rs 6.11 crore).

Operating Profit slipped by 12.84 per cent to Rs 4.21 crore as against Rs 4.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.62 per cent in December quarter.

Interest grew by 15.14 per cent y-o-y to Rs 7.15 crore, while Taxation increased by 102.86 per cent at Rs 0.01 crore (Dec'22 Rs -0.35 crore).