The company reported standalone net profit during the quarter stood at Rs 1.66 crore compared to net loss of Rs 0.32 crore in the previous year quarter.
Net revenue of the company declined moderately by 7.65 per cent at Rs 94.72 crore in October-December quarter of this fiscal as against Rs 102.57 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 11.14 per cent to Rs 89.50 crore from Rs 100.72 crore in year ago period.
Other Income dipped by 68.07 per cent at Rs 0.53 crore versus (Dec'23 Rs 1.66 crore).
Operating Profit surged by 182.16 per cent to Rs 5.22 crore as against Rs 1.85 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 206.67 per cent in December quarter.
Interest declined by 21.76 per cent y-o-y to Rs 1.51 crore, while Taxation increased by 575.00 per cent at Rs 0.57 crore (Dec'23 Rs -0.12 crore).