The company reported standalone net profit of Rs 5.57 crore for the quarter ended December 31, 2023 as compared to Rs 2.74 crore in the same period last year, registering a year-on-year growth of 103.28 per cent.

Net revenue of the company rose moderately by 19.10 per cent at Rs 13.28 crore in October-December quarter of this fiscal as against Rs 11.15 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.21 per cent to Rs 6.42 crore from Rs 7.15 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.09 crore).

Operating Profit surged by 71.50 per cent to Rs 6.86 crore as against Rs 4.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 44.05 per cent in December quarter.

Interest grew by 14.29 per cent y-o-y to Rs 0.56 crore, while Taxation decreased by 31.40 per cent at Rs 0.59 crore (Dec'22 Rs 0.86 crore).