The company reported standalone net profit during the quarter stood at Rs 0.40 crore compared to net loss of Rs 16.60 crore in the previous year quarter.
Net revenue of the company rose moderately by 6.24 per cent at Rs 70.32 crore in October-December quarter of this fiscal as against Rs 66.19 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 11.29 per cent to Rs 68.09 crore from Rs 76.76 crore in year ago period.
Other Income dipped by 94.37 per cent at Rs 0.13 crore versus (Dec'23 Rs 2.31 crore).
Operating Profit surged by 121.08 per cent to Rs 2.23 crore as against Rs -10.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 119.84 per cent in December quarter.
Interest declined by 91.60 per cent y-o-y to Rs 0.54 crore