The company reported standalone net profit during the quarter stood at Rs 6.59 crore compared to net loss of Rs 8.95 crore in the previous year quarter.
Net revenue of the company rose moderately by 12.58 per cent at Rs 172.95 crore in October-December quarter of this fiscal as against Rs 153.62 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.59 per cent to Rs 157.85 crore from Rs 153.87 crore in year ago period.
Other Income grew by 108.59 per cent at Rs 4.13 crore versus (Dec'23 Rs 1.98 crore).
Operating Profit surged by 6140.00 per cent to Rs 15.10 crore as against Rs -0.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5556.25 per cent in December quarter.
Interest declined by 17.51 per cent y-o-y to Rs 2.45 crore, while Taxation increased by 552.27 per cent at Rs 1.99 crore (Dec'23 Rs -0.44 crore).