The company reported standalone net profit during the quarter stood at Rs 0.31 crore compared to net loss of Rs 0.80 crore in the previous year quarter.

Net revenue of the company rose three fold by 419.93 per cent at Rs 15.91 crore in October-December quarter of this fiscal as against Rs 3.06 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 338.38 per cent to Rs 15.65 crore from Rs 3.57 crore in year ago period.

Other Income grew by 1600.00 per cent at Rs 0.30 crore versus (Dec'22 Rs -0.02 crore).

Operating Profit surged by 150.98 per cent to Rs 0.26 crore as against Rs -0.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 109.89 per cent in December quarter.

Interest grew by 16.67 per cent y-o-y to Rs 0.14 crore, while Taxation decreased by 7.69 per cent at Rs 0.12 crore (Dec'22 Rs 0.13 crore).