The company reported standalone net profit of Rs 1.02 crore for the quarter ended December 31, 2023 as compared to Rs 0.57 crore in the same period last year, registering a year-on-year growth of 78.95 per cent.

Net revenue of the company rose marginally by 1.96 per cent at Rs 19.78 crore in October-December quarter of this fiscal as against Rs 19.40 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.12 per cent to Rs 17.30 crore from Rs 17.32 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 0.07 crore versus (Dec'22 Rs 0.04 crore).

Operating Profit surged by 19.23 per cent to Rs 2.48 crore as against Rs 2.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.98 per cent in December quarter.

Interest declined by 4.69 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 200.00 per cent at Rs 0.15 crore (Dec'22 Rs 0.05 crore).