The company reported standalone net profit during the quarter stood at Rs 1.74 crore compared to net loss of Rs 0.19 crore in the previous year quarter.

Net revenue of the company rose substantially by 88.35 per cent at Rs 73.57 crore in October-December quarter of this fiscal as against Rs 39.06 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 90.25 per cent to Rs 65.18 crore from Rs 34.26 crore in year ago period.

Other Income dipped by 93.75 per cent at Rs 0.11 crore versus (Dec'23 Rs 1.76 crore).

Operating Profit surged by 75.16 per cent to Rs 8.39 crore as against Rs 4.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.17 per cent in December quarter.

Interest declined by 6.46 per cent y-o-y to Rs 4.20 crore, while Taxation increased by 132.26 per cent at Rs 0.72 crore (Dec'23 Rs 0.31 crore).