The company reported standalone net profit during the quarter stood at Rs 2.60 crore compared to net loss of Rs 2.19 crore in the previous year quarter.
Net revenue of the company declined by 0.19 per cent at Rs 97.30 crore in October-December quarter of this fiscal as against Rs 97.49 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 4.51 per cent to Rs 94.29 crore from Rs 98.74 crore in year ago period.
Other Income grew by 1571.43 per cent at Rs 1.17 crore versus (Dec'23 Rs 0.07 crore).
Operating Profit surged by 340.80 per cent to Rs 3.01 crore as against Rs -1.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 339.53 per cent in December quarter.
Interest grew by 22.11 per cent y-o-y to Rs 1.16 crore