The company reported standalone net profit during the quarter stood at Rs 99.10 crore compared to net loss of Rs 29.87 crore in the previous year quarter.

Net revenue of the company declined moderately by 9.12 per cent at Rs 271.14 crore in October-December quarter of this fiscal as against Rs 298.35 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.68 per cent to Rs 273.36 crore from Rs 299.33 crore in year ago period.

Other Income dipped by 15.39 per cent at Rs 136.63 crore versus (Dec'21 Rs 161.48 crore).

Operating Profit surged by 126.53 per cent to Rs -2.22 crore as against Rs -0.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 148.48 per cent in December quarter.

Interest declined by 81.47 per cent y-o-y to Rs 35.27 crore