The company reported standalone net profit during the quarter stood at Rs 1.15 crore compared to net loss of Rs 0.73 crore in the previous year quarter.

Net revenue of the company declined marginally by 1.20 per cent at Rs 406.00 crore in October-December quarter of this fiscal as against Rs 410.92 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.46 per cent to Rs 398.19 crore from Rs 412.48 crore in year ago period.

Other Income dipped by 66.37 per cent at Rs 0.38 crore versus (Dec'22 Rs 1.13 crore).

Operating Profit surged by 600.64 per cent to Rs 7.81 crore as against Rs -1.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 605.26 per cent in December quarter.

Interest grew by 88.46 per cent y-o-y to Rs 0.98 crore, while Taxation increased by 266.67 per cent at Rs 0.40 crore (Dec'22 Rs -0.24 crore).