The company reported standalone net profit during the quarter stood at Rs 2.11 crore compared to net loss of Rs 14.12 crore in the previous year quarter.

Net revenue of the company rose substantially by 34.65 per cent at Rs 200.25 crore in October-December quarter of this fiscal as against Rs 148.72 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.37 per cent to Rs 184.32 crore from Rs 144.71 crore in year ago period.

Other Income grew by 77.78 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.09 crore).

Operating Profit surged by 296.27 per cent to Rs 15.93 crore as against Rs 4.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 194.44 per cent in December quarter.

Interest declined by 73.67 per cent y-o-y to Rs 2.77 crore, while Taxation increased by 142.86 per cent at Rs -1.19 crore (Dec'22 Rs -0.49 crore).