The company reported standalone net profit during the quarter stood at Rs 3.72 crore compared to net loss of Rs 0.45 crore in the previous year quarter.
Net revenue of the company rose two fold by 290.24 per cent at Rs 146.69 crore in October-December quarter of this fiscal as against Rs 37.59 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 272.89 per cent to Rs 140.84 crore from Rs 37.77 crore in year ago period.
Other Income grew by 120.00 per cent at Rs 0.44 crore versus (Dec'23 Rs 0.20 crore).
Operating Profit surged by 3355.56 per cent to Rs 5.86 crore as against Rs -0.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 931.25 per cent in December quarter.
Interest grew by 384.09 per cent y-o-y to Rs 2.13 crore, while Taxation decreased by 75.00 per cent at Rs -0.02 crore (Dec'23 Rs -0.08 crore).