The company reported standalone net profit during the quarter stood at Rs 0.48 crore compared to net loss of Rs 0.59 crore in the previous year quarter.
Net revenue of the company rose substantially by 31.37 per cent at Rs 15.20 crore in July-September quarter of this fiscal as against Rs 11.57 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 16.50 per cent to Rs 13.91 crore from Rs 11.94 crore in year ago period.
Other Income dipped by 61.02 per cent at Rs 0.23 crore versus (Sep'19 Rs 0.59 crore).
Operating Profit surged by 439.47 per cent to Rs 1.29 crore as against Rs -0.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 361.11 per cent in September quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.02 crore