The company reported standalone net profit during the quarter stood at Rs 0.03 crore compared to net loss of Rs 1.76 crore in the previous year quarter.
Net revenue of the company declined substantially by 57.19 per cent at Rs 33.41 crore in October-December quarter of this fiscal as against Rs 78.04 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 58.58 per cent to Rs 32.78 crore from Rs 79.14 crore in year ago period.
Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.03 crore).
Operating Profit surged by 157.80 per cent to Rs 0.63 crore as against Rs -1.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 234.29 per cent in December quarter.
Interest declined by 9.09 per cent y-o-y to Rs 0.50 crore, while Taxation decreased by 50.00 per cent at Rs 0.02 crore (Dec'23 Rs 0.04 crore).