The company reported standalone net profit during the quarter stood at Rs 28.56 crore compared to net loss of Rs 83.98 crore in the previous year quarter.

Net revenue of the company rose substantially by 58.56 per cent at Rs 106.19 crore in October-December quarter of this fiscal as against Rs 66.97 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 49.73 per cent to Rs 74.80 crore from Rs 148.79 crore in year ago period.

Other Income dipped by 95.45 per cent at Rs 0.05 crore versus (Dec'22 Rs 1.10 crore).

Operating Profit surged by 138.36 per cent to Rs 31.39 crore as against Rs -81.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 124.20 per cent in December quarter.

Interest declined by 12.14 per cent y-o-y to Rs 2.75 crore, while Taxation decreased by 33.33 per cent at Rs -0.08 crore (Dec'22 Rs -0.12 crore).