The company reported standalone net profit during the quarter stood at Rs 0.05 crore compared to net loss of Rs 1.47 crore in the previous year quarter.
Net revenue of the company rose substantially by 45.84 per cent at Rs 21.19 crore in October-December quarter of this fiscal as against Rs 14.53 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 24.30 per cent to Rs 19.08 crore from Rs 15.35 crore in year ago period.
Other Income dipped by 35.63 per cent at Rs 0.56 crore versus (Dec'23 Rs 0.87 crore).
Operating Profit surged by 357.32 per cent to Rs 2.11 crore as against Rs -0.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 276.24 per cent in December quarter.
Interest grew by 124.19 per cent y-o-y to Rs 1.39 crore, while Taxation increased by 210.00 per cent at Rs 0.62 crore (Dec'23 Rs 0.20 crore).