The company reported standalone net profit during the quarter stood at Rs 9.74 crore compared to net loss of Rs 0.06 crore in the previous year quarter.

Net revenue of the company rose substantially by 96.91 per cent at Rs 17.84 crore in October-December quarter of this fiscal as against Rs 9.06 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 4.82 per cent to Rs 6.31 crore from Rs 6.02 crore in year ago period.

Other Income grew by 100.00 per cent at Rs 0.70 crore versus (Dec'22 Rs 0.35 crore).

Operating Profit surged by 279.28 per cent to Rs 11.53 crore as against Rs 3.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.75 per cent in December quarter.

Interest grew by 23.81 per cent y-o-y to Rs 2.34 crore, while Taxation decreased by 144.90 per cent at Rs -0.44 crore (Dec'22 Rs 0.98 crore).