The company reported standalone net profit of Rs 8.06 crore for the quarter ended September 30, 2023 as compared to Rs 7.81 crore in the same period last year, registering a year-on-year growth of 3.20 per cent.

Net revenue of the company declined moderately by 16.61 per cent at Rs 153.53 crore in July-September quarter of this fiscal as against Rs 184.10 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 18.12 per cent to Rs 134.75 crore from Rs 164.58 crore in year ago period.

Other Income grew by 40.19 per cent at Rs 2.93 crore versus (Sep'22 Rs 2.09 crore).

Operating Profit slipped by 3.84 per cent to Rs 18.77 crore as against Rs 19.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.38 per cent in September quarter.

Interest declined by 9.59 per cent y-o-y to Rs 7.54 crore, while Taxation increased by 60.00 per cent at Rs 2.00 crore (Sep'22 Rs 1.25 crore).