The company reported standalone net profit during the quarter stood at Rs 4.57 crore compared to net loss of Rs 1.95 crore in the previous year quarter.
Net revenue of the company rose moderately by 15.15 per cent at Rs 30.10 crore in October-December quarter of this fiscal as against Rs 26.14 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 7.69 per cent to Rs 25.10 crore from Rs 27.19 crore in year ago period.
Other Income dipped by 27.59 per cent at Rs 0.42 crore versus (Dec'23 Rs 0.58 crore).
Operating Profit surged by 576.19 per cent to Rs 5.00 crore as against Rs -1.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 513.97 per cent in December quarter.
Interest declined by 22.90 per cent y-o-y to Rs 1.01 crore, while Taxation increased by 49.23 per cent at Rs -0.97 crore (Dec'23 Rs -0.65 crore).