The company reported standalone net profit during the quarter stood at Rs 0.33 crore compared to net loss of Rs 0.55 crore in the previous year quarter.

Net revenue of the company declined substantially by 51.61 per cent at Rs 9.49 crore in October-December quarter of this fiscal as against Rs 19.61 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 72.92 per cent to Rs 11.08 crore from Rs 40.92 crore in year ago period.

Other Income grew by 866.67 per cent at Rs 2.61 crore versus (Dec'23 Rs 0.27 crore).

Operating Profit slipped by 92.58 per cent to Rs -1.58 crore as against Rs -21.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 84.65 per cent in December quarter.

Interest grew by 115.00 per cent y-o-y to Rs 0.43 crore