The company reported standalone net profit during the quarter stood at Rs 4.55 crore compared to net loss of Rs 1.08 crore in the previous year quarter.

Net revenue of the company declined moderately by 7.44 per cent at Rs 70.34 crore in October-December quarter of this fiscal as against Rs 75.99 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 16.60 per cent to Rs 60.72 crore from Rs 72.81 crore in year ago period.

Other Income grew by 115.79 per cent at Rs 0.82 crore versus (Dec'22 Rs 0.38 crore).

Operating Profit surged by 202.52 per cent to Rs 9.62 crore as against Rs 3.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 227.27 per cent in December quarter.

Interest declined by 40.40 per cent y-o-y to Rs 1.18 crore, while Taxation increased by 935.48 per cent at Rs 2.59 crore (Dec'22 Rs -0.31 crore).