The company reported standalone net profit during the quarter stood at Rs 6.23 crore compared to net loss of Rs 138.71 crore in the previous year quarter.

Net revenue of the company rose substantially by 72.87 per cent at Rs 39.95 crore in October-December quarter of this fiscal as against Rs 23.11 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 75.68 per cent to Rs 26.44 crore from Rs 15.05 crore in year ago period.

Other Income grew by 13.93 per cent at Rs 1.39 crore versus (Dec'22 Rs 1.22 crore).

Operating Profit surged by 67.62 per cent to Rs 13.51 crore as against Rs 8.06 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.07 per cent in December quarter.

Interest declined by 12.29 per cent y-o-y to Rs 5.78 crore, while Taxation increased by 140.24 per cent at Rs 1.97 crore (Dec'22 Rs 0.82 crore).