The company reported standalone net profit during the quarter stood at Rs 122.20 crore compared to net loss of Rs 27.14 crore in the previous year quarter.
Net revenue of the company rose substantially by 70.17 per cent at Rs 277.58 crore in October-December quarter of this fiscal as against Rs 163.12 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 41.28 per cent to Rs 122.57 crore from Rs 208.75 crore in year ago period.
Other Income grew by 11.33 per cent at Rs 22.70 crore versus (Dec'23 Rs 20.39 crore).
Operating Profit surged by 439.71 per cent to Rs 155.01 crore as against Rs -45.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 299.64 per cent in December quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 559.49 per cent at Rs 41.63 crore (Dec'23 Rs -9.06 crore).