The company reported standalone net profit during the quarter stood at Rs 86.04 crore compared to net loss of Rs 1.35 crore in the previous year quarter.
Net revenue of the company declined substantially by 49.98 per cent at Rs 14.81 crore in October-December quarter of this fiscal as against Rs 29.61 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 45.96 per cent to Rs 16.93 crore from Rs 31.33 crore in year ago period.
Other Income dipped by 71.61 per cent at Rs 0.67 crore versus (Dec'23 Rs 2.36 crore).
Operating Profit surged by 23.26 per cent to Rs -2.12 crore as against Rs -1.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 146.30 per cent in December quarter.
Interest grew by 14.29 per cent y-o-y to Rs 0.08 crore, while Taxation decreased by 247.69 per cent at Rs -1.92 crore (Dec'23 Rs 1.30 crore).