The company reported standalone net profit during the quarter stood at Rs 0.25 crore compared to net loss of Rs 0.22 crore in the previous year quarter.

Net revenue of the company rose substantially by 34.37 per cent at Rs 16.89 crore in October-December quarter of this fiscal as against Rs 12.57 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 30.28 per cent to Rs 16.52 crore from Rs 12.68 crore in year ago period.

Other Income dipped by 71.43 per cent at Rs 0.02 crore versus (Dec'22 Rs 0.07 crore).

Operating Profit surged by 436.36 per cent to Rs 0.37 crore as against Rs -0.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 348.31 per cent in December quarter.

Interest declined by 5.26 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 100.00 per cent at Rs -0.04 crore (Dec'22 Rs -0.02 crore).