The company reported standalone net profit during the quarter stood at Rs 1.14 crore compared to net loss of Rs 3.40 crore in the previous year quarter.
Net revenue of the company rose substantially by 36.40 per cent at Rs 72.55 crore in July-September quarter of this fiscal as against Rs 53.19 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 18.34 per cent to Rs 67.56 crore from Rs 57.09 crore in year ago period.
Other Income dipped by 25.37 per cent at Rs 4.50 crore versus (Sep'23 Rs 6.03 crore).
Operating Profit surged by 227.95 per cent to Rs 4.99 crore as against Rs -3.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 193.99 per cent in September quarter.
Interest grew by 75.93 per cent y-o-y to Rs 3.80 crore, while Taxation increased by 136.44 per cent at Rs 0.43 crore (Sep'23 Rs -1.18 crore).