The company reported standalone net profit during the quarter stood at Rs 120.63 crore compared to net loss of Rs 22.68 crore in the previous year quarter.

Net revenue of the company rose three fold by 873.82 per cent at Rs 148.65 crore in October-December quarter of this fiscal as against Rs -19.21 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 161.36 per cent to Rs 2.30 crore from Rs 0.88 crore in year ago period.

Operating Profit surged by 828.52 per cent to Rs 146.36 crore as against Rs -20.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.84 per cent in December quarter.

Interest declined by 67.41 per cent y-o-y to Rs 0.73 crore, while Taxation increased by 9868.00 per cent at Rs 24.92 crore (Dec'22 Rs 0.25 crore).