The company reported standalone net profit of Rs 11.51 crore for the quarter ended September 30, 2023 as compared to Rs 4.11 crore in the same period last year, registering a year-on-year growth of 180.05 per cent.

Net revenue of the company rose substantially by 49.08 per cent at Rs 100.27 crore in July-September quarter of this fiscal as against Rs 67.26 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 37.68 per cent to Rs 83.82 crore from Rs 60.88 crore in year ago period.

Operating Profit surged by 157.41 per cent to Rs 16.50 crore as against Rs 6.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 72.54 per cent in September quarter.

Interest grew by 9.64 per cent y-o-y to Rs 0.91 crore, while Taxation increased by 171.13 per cent at Rs 3.85 crore (Sep'22 Rs 1.42 crore).