The company reported standalone net profit of Rs 0.94 crore for the quarter ended December 31, 2023 as compared to Rs 0.43 crore in the same period last year, registering a year-on-year growth of 118.60 per cent.

Net revenue of the company rose substantially by 46.36 per cent at Rs 199.27 crore in October-December quarter of this fiscal as against Rs 136.15 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 45.77 per cent to Rs 197.58 crore from Rs 135.54 crore in year ago period.

Other Income grew by 285.19 per cent at Rs 1.04 crore versus (Dec'22 Rs 0.27 crore).

Operating Profit surged by 175.41 per cent to Rs 1.68 crore as against Rs 0.61 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 88.89 per cent in December quarter.

Interest grew by 460.87 per cent y-o-y to Rs 1.29 crore, while Taxation increased by 128.57 per cent at Rs 0.32 crore (Dec'22 Rs 0.14 crore).