The company reported standalone net profit during the quarter stood at Rs 83.90 crore compared to net loss of Rs 309.35 crore in the previous year quarter.
Net revenue of the company rose substantially by 36.82 per cent at Rs 149.50 crore in October-December quarter of this fiscal as against Rs 109.27 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 99.62 per cent to Rs 1.42 crore from Rs 371.31 crore in year ago period.
Operating Profit surged by 156.51 per cent to Rs 148.08 crore as against Rs -262.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141.30 per cent in December quarter.
Interest grew by 35.66 per cent y-o-y to Rs 64.18 crore