The company reported standalone net profit during the quarter stood at Rs 2.81 crore compared to net loss of Rs 9.92 crore in the previous year quarter.
Net revenue of the company rose substantially by 27.49 per cent at Rs 26.39 crore in July-September quarter of this fiscal as against Rs 20.70 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 10.44 per cent to Rs 23.59 crore from Rs 26.34 crore in year ago period.
Other Income grew by 285.71 per cent at Rs 0.81 crore versus (Sep'23 Rs 0.21 crore).
Operating Profit surged by 149.65 per cent to Rs 2.80 crore as against Rs -5.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 138.99 per cent in September quarter.
Interest declined by 99.71 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 71.43 per cent at Rs 0.04 crore (Sep'23 Rs 0.14 crore).