The company reported standalone net profit during the quarter stood at Rs 1.55 crore compared to net loss of Rs 1.53 crore in the previous year quarter.

Net revenue of the company rose triple digit by 134.39 per cent at Rs 17.04 crore in October-December quarter of this fiscal as against Rs 7.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 68.14 per cent to Rs 14.83 crore from Rs 8.82 crore in year ago period.

Other Income dipped by 56.25 per cent at Rs 0.07 crore versus (Dec'22 Rs 0.16 crore).

Operating Profit surged by 242.58 per cent to Rs 2.21 crore as against Rs -1.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 160.83 per cent in December quarter.

Interest grew by 9.26 per cent y-o-y to Rs 0.59 crore, while Taxation increased by 109.80 per cent at Rs 0.05 crore (Dec'22 Rs -0.51 crore).