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GVP Infotech reported a strong Q1 performance, swinging to a net profit of ₹2.10 Cr on revenue of ₹4.10 Cr. This marks a notable turnaround from last quarter's loss. A major business development includes settling the arbitration with Minosha India, reducing a ₹110.02 Cr claim to ₹20 Cr. The remaining ₹90.02 Cr will be written off in the subsequent quarter, impacting future financials. The company also successfully completed its Rights Issue, which was fully subscribed, strengthening its capital base.