The company reported standalone net profit during the quarter stood at Rs 8.95 crore compared to net loss of Rs 4.35 crore in the previous year quarter.

Net revenue of the company rose triple digit by 188.12 per cent at Rs 12.85 crore in October-December quarter of this fiscal as against Rs 4.46 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 150.00 per cent to Rs 0.05 crore from Rs 0.02 crore in year ago period.

Other Income grew by 533.33 per cent at Rs 0.19 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit surged by 188.29 per cent to Rs 12.80 crore as against Rs 4.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.01 per cent in December quarter.

Interest declined by 14.25 per cent y-o-y to Rs 3.19 crore, while Taxation decreased by 83.33 per cent at Rs 0.85 crore (Dec'22 Rs 5.10 crore).