The company reported standalone net profit of Rs 6.32 crore for the quarter ended September 30, 2023 as compared to Rs 1.45 crore in the same period last year, registering a year-on-year growth of 335.86 per cent.

Net revenue of the company rose three fold by 2208.67 per cent at Rs 85.19 crore in July-September quarter of this fiscal as against Rs 3.69 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 3051.08 per cent to Rs 72.79 crore from Rs 2.31 crore in year ago period.

Other Income grew by 110.91 per cent at Rs 1.16 crore versus (Sep'22 Rs 0.55 crore).

Operating Profit surged by 798.55 per cent to Rs 12.40 crore as against Rs 1.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.02 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 1.94 crore, while Taxation increased by 164.58 per cent at Rs 1.27 crore (Sep'22 Rs 0.48 crore).