The company reported standalone net profit during the quarter stood at Rs 0.32 crore compared to net loss of Rs 0.67 crore in the previous year quarter.

Net revenue of the company rose substantially by 29.85 per cent at Rs 24.71 crore in October-December quarter of this fiscal as against Rs 19.03 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 24.88 per cent to Rs 23.89 crore from Rs 19.13 crore in year ago period.

Other Income grew by 13.56 per cent at Rs 0.67 crore versus (Dec'22 Rs 0.59 crore).

Operating Profit surged by 920.00 per cent to Rs 0.82 crore as against Rs -0.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 701.82 per cent in December quarter.

Interest grew by 15.25 per cent y-o-y to Rs 0.68 crore