The company reported standalone net profit of Rs 0.46 crore for the quarter ended December 31, 2023 as compared to Rs 0.29 crore in the same period last year, registering a year-on-year growth of 58.62 per cent.

Net revenue of the company declined moderately by 12.98 per cent at Rs 29.16 crore in October-December quarter of this fiscal as against Rs 33.51 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 13.74 per cent to Rs 27.94 crore from Rs 32.39 crore in year ago period.

Other Income grew by 400.00 per cent at Rs 0.25 crore versus (Dec'22 Rs 0.05 crore).

Operating Profit surged by 9.91 per cent to Rs 1.22 crore as against Rs 1.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.20 per cent in December quarter.

Interest grew by 4.76 per cent y-o-y to Rs 0.66 crore, while Taxation increased by 77.78 per cent at Rs 0.16 crore (Dec'22 Rs 0.09 crore).