The company reported standalone net profit during the quarter stood at Rs 2.89 crore compared to net loss of Rs 0.27 crore in the previous year quarter.
Net revenue of the company declined moderately by 12.40 per cent at Rs 92.28 crore in October-December quarter of this fiscal as against Rs 105.34 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 14.57 per cent to Rs 84.53 crore from Rs 98.95 crore in year ago period.
Other Income grew by 35.88 per cent at Rs 5.34 crore versus (Dec'23 Rs 3.93 crore).
Operating Profit surged by 21.32 per cent to Rs 7.74 crore as against Rs 6.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.45 per cent in December quarter.
Interest declined by 8.22 per cent y-o-y to Rs 4.91 crore, while Taxation increased by 370.37 per cent at Rs 0.73 crore (Dec'23 Rs -0.27 crore).