The company reported standalone net profit during the quarter stood at Rs 1.00 crore compared to net loss of Rs 1.00 crore in the previous year quarter.
Net revenue of the company declined substantially by 22.05 per cent at Rs 44.64 crore in October-December quarter of this fiscal as against Rs 57.27 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 25.23 per cent to Rs 41.87 crore from Rs 56.00 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.02 crore).
Operating Profit surged by 118.11 per cent to Rs 2.77 crore as against Rs 1.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 179.73 per cent in December quarter.
Interest declined by 64.80 per cent y-o-y to Rs 0.63 crore, while Taxation increased by 169.81 per cent at Rs 0.37 crore (Dec'23 Rs -0.53 crore).