The company reported standalone net profit during the quarter stood at Rs 1.16 crore compared to net loss of Rs 0.44 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.32 per cent at Rs 34.37 crore in October-December quarter of this fiscal as against Rs 30.33 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.73 per cent to Rs 33.15 crore from Rs 30.77 crore in year ago period.

Other Income grew by 48.57 per cent at Rs 0.52 crore versus (Dec'22 Rs 0.35 crore).

Operating Profit surged by 383.72 per cent to Rs 1.22 crore as against Rs -0.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 350.70 per cent in December quarter.

Interest declined by 64.71 per cent y-o-y to Rs 0.12 crore, while Taxation increased by 733.33 per cent at Rs 0.38 crore (Dec'22 Rs -0.06 crore).