The company reported standalone net profit during the quarter stood at Rs 1.30 crore compared to net loss of Rs 0.21 crore in the previous year quarter.

Net revenue of the company rose substantially by 87.62 per cent at Rs 54.56 crore in October-December quarter of this fiscal as against Rs 29.08 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 93.16 per cent to Rs 51.67 crore from Rs 26.75 crore in year ago period.

Other Income grew by 27.27 per cent at Rs 0.28 crore versus (Dec'22 Rs 0.22 crore).

Operating Profit surged by 24.57 per cent to Rs 2.89 crore as against Rs 2.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.79 per cent in December quarter.

Interest declined by 55.34 per cent y-o-y to Rs 1.13 crore, while Taxation increased by 0.00 per cent at Rs 0.49 crore (Dec'22 Rs 0.00 crore).