The company reported standalone net profit during the quarter stood at Rs 1.73 crore compared to net loss of Rs 9.24 crore in the previous year quarter.

Net revenue of the company declined substantially by 22.55 per cent at Rs 203.49 crore in October-December quarter of this fiscal as against Rs 262.75 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 16.62 per cent to Rs 217.28 crore from Rs 260.60 crore in year ago period.

Other Income grew by 960.21 per cent at Rs 30.11 crore versus (Dec'22 Rs 2.84 crore).

Operating Profit slipped by 741.40 per cent to Rs -13.79 crore as against Rs 2.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 926.83 per cent in December quarter.

Interest grew by 0.98 per cent y-o-y to Rs 9.23 crore