The company reported standalone net profit during the quarter stood at Rs 0.20 crore compared to net loss of Rs 1.90 crore in the previous year quarter.
Net revenue of the company rose substantially by 54.79 per cent at Rs 40.20 crore in October-December quarter of this fiscal as against Rs 25.97 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 40.69 per cent to Rs 38.00 crore from Rs 27.01 crore in year ago period.
Other Income grew by 104.55 per cent at Rs 0.45 crore versus (Dec'23 Rs 0.22 crore).
Operating Profit surged by 312.50 per cent to Rs 2.21 crore as against Rs -1.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 237.25 per cent in December quarter.
Interest grew by 41.43 per cent y-o-y to Rs 0.99 crore, while Taxation increased by 172.58 per cent at Rs 0.45 crore (Dec'23 Rs -0.62 crore).