The company reported standalone net profit during the quarter stood at Rs 8.58 crore compared to net loss of Rs 2.12 crore in the previous year quarter.
Net revenue of the company rose substantially by 20.44 per cent at Rs 11.55 crore in July-September quarter of this fiscal as against Rs 9.59 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 9.03 per cent to Rs 10.38 crore from Rs 11.41 crore in year ago period.
Other Income dipped by 39.47 per cent at Rs 0.23 crore versus (Sep'23 Rs 0.38 crore).
Operating Profit surged by 164.29 per cent to Rs 1.17 crore as against Rs -1.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 153.37 per cent in September quarter.
Interest grew by 40.00 per cent y-o-y to Rs 0.07 crore, while Taxation increased by 2553.13 per cent at Rs -8.49 crore (Sep'23 Rs -0.32 crore).