The company reported standalone net profit of Rs 0.63 crore for the quarter ended September 30, 2023 as compared to Rs 0.10 crore in the same period last year, registering a year-on-year growth of 530.00 per cent.

Net revenue of the company rose marginally by 2.49 per cent at Rs 8.65 crore in July-September quarter of this fiscal as against Rs 8.44 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 5.86 per cent to Rs 7.55 crore from Rs 8.02 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Sep'22 Rs 0.03 crore).

Operating Profit surged by 153.49 per cent to Rs 1.09 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 150.20 per cent in September quarter.

Interest declined by 19.23 per cent y-o-y to Rs 0.21 crore, while Taxation increased by 320.00 per cent at Rs 0.21 crore (Sep'22 Rs 0.05 crore).