The company reported standalone net profit during the quarter stood at Rs 0.11 crore compared to net loss of Rs 1.05 crore in the previous year quarter.
Net revenue of the company rose substantially by 24.50 per cent at Rs 38.32 crore in October-December quarter of this fiscal as against Rs 30.78 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 22.30 per cent to Rs 37.51 crore from Rs 30.67 crore in year ago period.
Other Income grew by 72.73 per cent at Rs 0.19 crore versus (Dec'23 Rs 0.11 crore).
Operating Profit surged by 636.36 per cent to Rs 0.81 crore as against Rs 0.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 483.33 per cent in December quarter.
Interest declined by 77.69 per cent y-o-y to Rs 0.29 crore, while Taxation increased by 130.95 per cent at Rs 0.13 crore (Dec'23 Rs -0.42 crore).