The company reported standalone net profit during the quarter stood at Rs 3.82 crore compared to net loss of Rs 0.44 crore in the previous year quarter.

Net revenue of the company declined by 5.30 per cent at Rs 43.46 crore in October-December quarter of this fiscal as against Rs 45.89 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 14.59 per cent to Rs 33.77 crore from Rs 39.54 crore in year ago period.

Other Income grew by 256.16 per cent at Rs 2.60 crore versus (Dec'22 Rs 0.73 crore).

Operating Profit surged by 52.36 per cent to Rs 9.69 crore as against Rs 6.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.08 per cent in December quarter.

Interest grew by 11.66 per cent y-o-y to Rs 7.28 crore