The company reported standalone net profit of Rs 1.85 crore for the quarter ended September 30, 2022 as compared to Rs 1.44 crore in the same period last year, registering a year-on-year growth of 28.47 per cent.

Net revenue of the company declined moderately by 14.44 per cent at Rs 61.74 crore in July-September quarter of this fiscal as against Rs 72.16 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 14.89 per cent to Rs 57.75 crore from Rs 67.85 crore in year ago period.

Other Income grew by 561.29 per cent at Rs 2.05 crore versus (Sep'21 Rs 0.31 crore).

Operating Profit slipped by 7.42 per cent to Rs 3.99 crore as against Rs 4.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.04 per cent in September quarter.

Interest grew by 57.38 per cent y-o-y to Rs 0.96 crore, while Taxation increased by 700.00 per cent at Rs 0.78 crore (Sep'21 Rs -0.13 crore).