The company reported standalone net profit during the quarter stood at Rs 1.24 crore compared to net loss of Rs 0.32 crore in the previous year quarter.

Net revenue of the company rose moderately by 13.17 per cent at Rs 19.93 crore in October-December quarter of this fiscal as against Rs 17.61 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 3.72 per cent to Rs 17.85 crore from Rs 17.21 crore in year ago period.

Other Income grew by 191.67 per cent at Rs 0.35 crore versus (Dec'22 Rs 0.12 crore).

Operating Profit surged by 420.00 per cent to Rs 2.08 crore as against Rs 0.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 361.50 per cent in December quarter.

Interest declined by 30.00 per cent y-o-y to Rs 0.35 crore, while Taxation increased by 490.00 per cent at Rs 0.39 crore (Dec'22 Rs -0.10 crore).