The company reported standalone net profit during the quarter stood at Rs 12.04 crore compared to net loss of Rs 5.00 crore in the previous year quarter.

Net revenue of the company rose substantially by 20.65 per cent at Rs 294.97 crore in October-December quarter of this fiscal as against Rs 244.49 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.62 per cent to Rs 280.85 crore from Rs 249.37 crore in year ago period.

Other Income grew by 59.38 per cent at Rs 5.10 crore versus (Dec'23 Rs 3.20 crore).

Operating Profit surged by 389.34 per cent to Rs 14.12 crore as against Rs -4.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 339.50 per cent in December quarter.

Interest declined by 19.35 per cent y-o-y to Rs 0.25 crore, while Taxation increased by 173.85 per cent at Rs 2.09 crore (Dec'23 Rs -2.83 crore).