The company reported standalone net profit during the quarter stood at Rs 1.92 crore compared to net loss of Rs 15.35 crore in the previous year quarter.

Net revenue of the company rose substantially by 57.33 per cent at Rs 143.85 crore in October-December quarter of this fiscal as against Rs 91.43 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 41.23 per cent to Rs 125.19 crore from Rs 88.64 crore in year ago period.

Other Income grew by 28.11 per cent at Rs 4.74 crore versus (Dec'23 Rs 3.70 crore).

Operating Profit surged by 568.82 per cent to Rs 18.66 crore as against Rs 2.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 325.25 per cent in December quarter.

Interest grew by 18.76 per cent y-o-y to Rs 5.95 crore, while Taxation decreased by 61.83 per cent at Rs 2.50 crore (Dec'23 Rs 6.55 crore).