The company reported standalone net profit during the quarter stood at Rs 1.32 crore compared to net loss of Rs 0.72 crore in the previous year quarter.

Net revenue of the company declined substantially by 23.81 per cent at Rs 75.74 crore in October-December quarter of this fiscal as against Rs 99.41 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 28.23 per cent to Rs 65.02 crore from Rs 90.59 crore in year ago period.

Other Income dipped by 25.00 per cent at Rs 0.12 crore versus (Dec'22 Rs 0.16 crore).

Operating Profit surged by 21.68 per cent to Rs 10.72 crore as against Rs 8.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 59.64 per cent in December quarter.

Interest declined by 1.76 per cent y-o-y to Rs 7.82 crore