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The company reported standalone net profit during the quarter stood at Rs 20.36 crore compared to net loss of Rs 1.34 crore in the previous year quarter.

Net revenue of the company rose three fold by 1392.06 per cent at Rs 28.20 crore in October-December quarter of this fiscal as against Rs 1.89 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 72.33 per cent to Rs 0.44 crore from Rs 1.59 crore in year ago period. Other Income grew by 200.00 per cent at Rs 0.06 crore versus (Dec'19 Rs 0.02 crore).

Operating Profit surged by 9472.41 per cent to Rs 27.76 crore as against Rs 0.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 530.09 per cent in December quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.55 crore, while Taxation increased by 323.31 per cent at Rs 6.90 crore (Dec'19 Rs 1.63 crore).