The company reported standalone net profit during the quarter stood at Rs 1.04 crore compared to net loss of Rs 0.30 crore in the previous year quarter.
Net revenue of the company rose substantially by 28.93 per cent at Rs 33.07 crore in October-December quarter of this fiscal as against Rs 25.65 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 32.93 per cent to Rs 30.68 crore from Rs 23.08 crore in year ago period.
Other Income grew by 900.00 per cent at Rs 0.10 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit slipped by 7.75 per cent to Rs 2.38 crore as against Rs 2.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.19 per cent in December quarter.
Interest grew by 0.00 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 258.33 per cent at Rs 0.19 crore (Dec'23 Rs -0.12 crore).