The company reported standalone net profit during the quarter stood at Rs 10.21 crore compared to net loss of Rs 1.93 crore in the previous year quarter.

Net revenue of the company rose three fold by 339.77 per cent at Rs 23.22 crore in October-December quarter of this fiscal as against Rs 5.28 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 6.89 per cent to Rs 6.98 crore from Rs 6.53 crore in year ago period.

Other Income grew by 31.11 per cent at Rs 0.59 crore versus (Dec'22 Rs 0.45 crore).

Operating Profit surged by 1389.68 per cent to Rs 16.25 crore as against Rs -1.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 394.15 per cent in December quarter.

Interest grew by 20.51 per cent y-o-y to Rs 0.94 crore, while Taxation increased by 17266.67 per cent at Rs 5.15 crore (Dec'22 Rs -0.03 crore).