The company reported standalone net profit of Rs 1.03 crore for the quarter ended September 30, 2023 as compared to Rs 0.31 crore in the same period last year, registering a year-on-year growth of 232.26 per cent.

Net revenue of the company rose substantially by 25.89 per cent at Rs 17.02 crore in July-September quarter of this fiscal as against Rs 13.52 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 20.62 per cent to Rs 15.15 crore from Rs 12.56 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 0.07 crore versus (Sep'22 Rs 0.04 crore).

Operating Profit surged by 94.79 per cent to Rs 1.87 crore as against Rs 0.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 54.07 per cent in September quarter.

Interest declined by 4.35 per cent y-o-y to Rs 0.22 crore, while Taxation increased by 100.00 per cent at Rs 0.42 crore (Sep'22 Rs 0.21 crore).