The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 0.12 crore in the previous year quarter.

Net revenue of the company rose substantially by 32.72 per cent at Rs 6.53 crore in October-December quarter of this fiscal as against Rs 4.92 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.71 per cent to Rs 6.36 crore from Rs 4.98 crore in year ago period.

Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.01 crore).

Operating Profit surged by 383.33 per cent to Rs 0.17 crore as against Rs -0.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 330.70 per cent in December quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.12 crore, while Taxation increased by 125.00 per cent at Rs 0.01 crore (Dec'22 Rs -0.04 crore).