The company reported standalone net profit of Rs 5.51 crore for the quarter ended December 31, 2023 as compared to Rs 3.40 crore in the same period last year, registering a year-on-year growth of 62.06 per cent.

Net revenue of the company rose substantially by 22.92 per cent at Rs 73.36 crore in October-December quarter of this fiscal as against Rs 59.68 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 18.35 per cent to Rs 63.28 crore from Rs 53.47 crore in year ago period.

Other Income dipped by 15.00 per cent at Rs 0.17 crore versus (Dec'22 Rs 0.20 crore).

Operating Profit surged by 62.16 per cent to Rs 10.07 crore as against Rs 6.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.89 per cent in December quarter.

Interest grew by 42.59 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 90.14 per cent at Rs 2.70 crore (Dec'22 Rs 1.42 crore).