The company reported standalone net profit during the quarter stood at Rs 0.38 crore compared to net loss of Rs 1.08 crore in the previous year quarter.

Net revenue of the company rose moderately by 11.05 per cent at Rs 81.03 crore in October-December quarter of this fiscal as against Rs 72.97 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 9.20 per cent to Rs 75.70 crore from Rs 69.32 crore in year ago period.

Other Income dipped by 6.45 per cent at Rs 0.58 crore versus (Dec'23 Rs 0.62 crore).

Operating Profit surged by 46.03 per cent to Rs 5.33 crore as against Rs 3.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.40 per cent in December quarter.

Interest grew by 0.56 per cent y-o-y to Rs 3.59 crore, while Taxation increased by 0.00 per cent at Rs 0.02 crore (Dec'23 Rs 0.00 crore).