The company reported standalone net profit of Rs 0.20 crore for the quarter ended December 31, 2020 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 1900.00 per cent.
Net revenue of the company rose substantially by 29.07 per cent at Rs 14.74 crore in October-December quarter of this fiscal as against Rs 11.42 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 28.52 per cent to Rs 14.24 crore from Rs 11.08 crore in year ago period.
Operating Profit surged by 47.06 per cent to Rs 0.50 crore as against Rs 0.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.25 per cent in December quarter.
Interest declined by 41.67 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 0.00 per cent at Rs 0.07 crore (Dec'19 Rs 0.00 crore).