The company reported standalone net profit during the quarter stood at Rs 13.26 crore compared to net loss of Rs 13.57 crore in the previous year quarter.
Net revenue of the company rose substantially by 44.16 per cent at Rs 134.36 crore in July-September quarter of this fiscal as against Rs 93.20 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 26.87 per cent to Rs 123.76 crore from Rs 97.55 crore in year ago period.
Other Income grew by 21.07 per cent at Rs 5.86 crore versus (Sep'23 Rs 4.84 crore).
Operating Profit surged by 343.68 per cent to Rs 10.60 crore as against Rs -4.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 268.95 per cent in September quarter.
Interest grew by 29.45 per cent y-o-y to Rs 5.67 crore, while Taxation decreased by 2441.79 per cent at Rs -15.69 crore (Sep'23 Rs 0.67 crore).