The company reported standalone net profit during the quarter stood at Rs 1.48 crore compared to net loss of Rs 2.29 crore in the previous year quarter.
Net revenue of the company rose substantially by 33.09 per cent at Rs 31.25 crore in October-December quarter of this fiscal as against Rs 23.48 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 9.85 per cent to Rs 27.09 crore from Rs 24.66 crore in year ago period.
Operating Profit surged by 452.54 per cent to Rs 4.16 crore as against Rs -1.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 365.34 per cent in December quarter.
Interest grew by 59.38 per cent y-o-y to Rs 0.51 crore, while Taxation increased by 222.73 per cent at Rs 0.81 crore (Dec'23 Rs -0.66 crore).