The company reported standalone net profit during the quarter stood at Rs 2.00 crore compared to net loss of Rs 6.43 crore in the previous year quarter.
Net revenue of the company declined substantially by 70.99 per cent at Rs 2.35 crore in October-December quarter of this fiscal as against Rs 8.10 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 81.74 per cent to Rs 2.88 crore from Rs 15.77 crore in year ago period.
Other Income grew by 1655.56 per cent at Rs 3.16 crore versus (Dec'21 Rs 0.18 crore).
Operating Profit slipped by 93.09 per cent to Rs -0.53 crore as against Rs -7.67 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.30 per cent in December quarter.
Interest declined by 96.67 per cent y-o-y to Rs 0.02 crore, while Taxation increased by 125.27 per cent at Rs 0.46 crore (Dec'21 Rs -1.82 crore).