The company reported standalone net profit during the quarter stood at Rs 3.21 crore compared to net loss of Rs 6.66 crore in the previous year quarter.
Net revenue of the company declined moderately by 11.57 per cent at Rs 30.12 crore in July-September quarter of this fiscal as against Rs 34.06 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 28.05 per cent to Rs 26.47 crore from Rs 36.79 crore in year ago period.
Other Income dipped by 86.67 per cent at Rs 0.02 crore versus (Sep'22 Rs 0.15 crore).
Operating Profit surged by 233.70 per cent to Rs 3.65 crore as against Rs -2.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 251.19 per cent in September quarter.
Interest grew by 0.42 per cent y-o-y to Rs 2.38 crore, while Taxation decreased by 267.61 per cent at Rs -2.38 crore (Sep'22 Rs 1.42 crore).