The company reported standalone net profit during the quarter stood at Rs 12.28 crore compared to net loss of Rs 0.44 crore in the previous year quarter.

Net revenue of the company declined substantially by 85.27 per cent at Rs 2.07 crore in October-December quarter of this fiscal as against Rs 14.05 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 174.98 per cent to Rs -10.58 crore from Rs 14.11 crore in year ago period.

Other Income grew by 80.00 per cent at Rs 0.09 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit surged by 21183.33 per cent to Rs 12.65 crore as against Rs -0.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141911.63 per cent in December quarter.

Interest declined by 60.61 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 179.17 per cent at Rs 0.19 crore (Dec'22 Rs -0.24 crore).