The company reported standalone net profit during the quarter stood at Rs 1.28 crore compared to net loss of Rs 1.59 crore in the previous year quarter.
Net revenue of the company declined substantially by 22.50 per cent at Rs 82.37 crore in July-September quarter of this fiscal as against Rs 106.29 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 26.08 per cent to Rs 76.38 crore from Rs 103.33 crore in year ago period.
Other Income dipped by 8.60 per cent at Rs 0.85 crore versus (Sep'23 Rs 0.93 crore).
Operating Profit surged by 101.68 per cent to Rs 5.99 crore as against Rs 2.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 160.57 per cent in September quarter.
Interest declined by 30.40 per cent y-o-y to Rs 2.45 crore, while Taxation increased by 323.08 per cent at Rs 0.87 crore (Sep'23 Rs -0.39 crore).