The company reported standalone net profit during the quarter stood at Rs 2.36 crore compared to net loss of Rs 0.48 crore in the previous year quarter.

Net revenue of the company declined moderately by 8.33 per cent at Rs 92.80 crore in October-December quarter of this fiscal as against Rs 101.23 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.97 per cent to Rs 88.58 crore from Rs 101.78 crore in year ago period.

Other Income grew by 1960.00 per cent at Rs 2.06 crore versus (Dec'22 Rs 0.10 crore).

Operating Profit surged by 867.27 per cent to Rs 4.22 crore as against Rs -0.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 942.59 per cent in December quarter.

Interest grew by 112.73 per cent y-o-y to Rs 1.17 crore, while Taxation increased by 182.50 per cent at Rs 0.66 crore (Dec'22 Rs -0.80 crore).