The company reported standalone net profit during the quarter stood at Rs 0.76 crore compared to net loss of Rs 7.33 crore in the previous year quarter.

Net revenue of the company rose marginally by 3.14 per cent at Rs 132.31 crore in October-December quarter of this fiscal as against Rs 128.28 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 2.82 per cent to Rs 132.58 crore from Rs 136.43 crore in year ago period.

Other Income grew by 219.05 per cent at Rs 4.02 crore versus (Dec'22 Rs 1.26 crore).

Operating Profit slipped by 96.69 per cent to Rs -0.27 crore as against Rs -8.15 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 96.69 per cent in December quarter.

Interest declined by 66.67 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 73.63 per cent at Rs -0.77 crore (Dec'22 Rs -2.92 crore).