The company reported standalone net profit during the quarter stood at Rs 2.22 crore compared to net loss of Rs 8.77 crore in the previous year quarter.

Net revenue of the company rose moderately by 10.86 per cent at Rs 36.43 crore in October-December quarter of this fiscal as against Rs 32.86 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 9.20 per cent to Rs 33.24 crore from Rs 30.44 crore in year ago period.

Operating Profit surged by 32.78 per cent to Rs 3.20 crore as against Rs 2.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.46 per cent in December quarter.

Interest declined by 48.39 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 41.51 per cent at Rs 0.75 crore (Dec'22 Rs 0.53 crore).