The company reported standalone net profit during the quarter stood at Rs 0.12 crore compared to net loss of Rs 1.97 crore in the previous year quarter.
Net revenue of the company rose substantially by 23.76 per cent at Rs 5.99 crore in October-December quarter of this fiscal as against Rs 4.84 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.80 per cent to Rs 5.06 crore from Rs 5.87 crore in year ago period.
Other Income grew by 25.00 per cent at Rs 0.15 crore versus (Dec'23 Rs 0.12 crore).
Operating Profit surged by 191.18 per cent to Rs 0.93 crore as against Rs -1.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 173.15 per cent in December quarter.
Interest declined by 9.41 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 400.00 per cent at Rs 0.05 crore (Dec'23 Rs 0.01 crore).