The company reported standalone net profit during the quarter stood at Rs 35.22 crore compared to net loss of Rs 15.26 crore in the previous year quarter.

Net revenue of the company declined substantially by 80.17 per cent at Rs 10.29 crore in October-December quarter of this fiscal as against Rs 51.90 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 73.64 per cent to Rs 16.99 crore from Rs 64.45 crore in year ago period.

Operating Profit slipped by 48.92 per cent to Rs -6.41 crore as against Rs -12.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 157.61 per cent in December quarter.

Interest declined by 8.77 per cent y-o-y to Rs 1.04 crore, while Taxation increased by 3766.67 per cent at Rs 23.10 crore (Dec'24 Rs -0.63 crore).