The company reported standalone net profit of Rs 8.35 crore for the quarter ended September 30, 2023 as compared to Rs 2.77 crore in the same period last year, registering a year-on-year growth of 201.44 per cent.

Net revenue of the company rose moderately by 18.39 per cent at Rs 5.28 crore in July-September quarter of this fiscal as against Rs 4.46 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 23.03 per cent to Rs 4.38 crore from Rs 3.56 crore in year ago period.

Other Income grew by 215.29 per cent at Rs 10.31 crore versus (Sep'22 Rs 3.27 crore).

Operating Profit surged by 0.00 per cent to Rs 0.90 crore as against Rs 0.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.75 per cent in September quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 237.70 per cent at Rs 2.06 crore (Sep'22 Rs 0.61 crore).