The company reported standalone net profit during the quarter stood at Rs 2.72 crore compared to net loss of Rs 0.05 crore in the previous year quarter.

Net revenue of the company rose substantially by 64.04 per cent at Rs 32.89 crore in October-December quarter of this fiscal as against Rs 20.05 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 61.53 per cent to Rs 25.91 crore from Rs 16.04 crore in year ago period.

Other Income dipped by 25.83 per cent at Rs 0.89 crore versus (Dec'23 Rs 1.20 crore).

Operating Profit surged by 74.50 per cent to Rs 6.98 crore as against Rs 4.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.21 per cent in December quarter.

Interest grew by 96.67 per cent y-o-y to Rs 1.18 crore, while Taxation decreased by 32.86 per cent at Rs 0.94 crore (Dec'23 Rs 1.40 crore).