The company reported standalone net profit during the quarter stood at Rs 2.26 crore compared to net loss of Rs 0.99 crore in the previous year quarter.

Net revenue of the company rose substantially by 59.00 per cent at Rs 61.12 crore in October-December quarter of this fiscal as against Rs 38.44 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 47.68 per cent to Rs 57.58 crore from Rs 38.99 crore in year ago period.

Other Income dipped by 75.86 per cent at Rs 0.07 crore versus (Dec'23 Rs 0.29 crore).

Operating Profit surged by 743.64 per cent to Rs 3.54 crore as against Rs -0.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 502.08 per cent in December quarter.

Interest declined by 48.00 per cent y-o-y to Rs 0.13 crore, while Taxation increased by 0.00 per cent at Rs 0.76 crore (Dec'23 Rs 0.00 crore).