The company reported standalone net profit during the quarter stood at Rs 1.11 crore compared to net loss of Rs 0.81 crore in the previous year quarter.
Net revenue of the company rose substantially by 38.03 per cent at Rs 77.17 crore in October-December quarter of this fiscal as against Rs 55.91 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 33.53 per cent to Rs 70.76 crore from Rs 52.99 crore in year ago period.
Other Income grew by 92.31 per cent at Rs 0.50 crore versus (Dec'23 Rs 0.26 crore).
Operating Profit surged by 119.52 per cent to Rs 6.41 crore as against Rs 2.92 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 59.20 per cent in December quarter.
Interest grew by 25.95 per cent y-o-y to Rs 1.99 crore, while Taxation increased by 1080.00 per cent at Rs 1.18 crore (Dec'23 Rs 0.10 crore).