The company reported standalone net profit during the quarter stood at Rs 3.13 crore compared to net loss of Rs 14.22 crore in the previous year quarter.

Net revenue of the company rose substantially by 75.73 per cent at Rs 67.25 crore in October-December quarter of this fiscal as against Rs 38.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 63.63 per cent to Rs 62.98 crore from Rs 38.49 crore in year ago period.

Other Income grew by 10.38 per cent at Rs 2.34 crore versus (Dec'23 Rs 2.12 crore).

Operating Profit surged by 2040.91 per cent to Rs 4.27 crore as against Rs -0.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1196.55 per cent in December quarter.

Interest declined by 86.99 per cent y-o-y to Rs 1.85 crore