The company reported standalone net profit of Rs 0.61 crore for the quarter ended December 31, 2019 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 6000.00 per cent.
Net revenue of the company declined substantially by 36.44 per cent at Rs 2.86 crore in October-December quarter of this fiscal as against Rs 4.50 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 52.86 per cent to Rs 2.06 crore from Rs 4.37 crore in year ago period.
Other Income grew by 66.67 per cent at Rs 0.10 crore versus (Dec'18 Rs 0.06 crore).
Operating Profit surged by 523.08 per cent to Rs 0.81 crore as against Rs 0.13 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 876.47 per cent in December quarter.
Interest declined by 5.26 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 1400.00 per cent at Rs 0.13 crore (Dec'18 Rs -0.01 crore).