The company reported standalone net profit of Rs 39.70 crore for the quarter ended December 31, 2023 as compared to Rs 1.29 crore in the same period last year, registering a year-on-year growth of 2977.52 per cent.

Net revenue of the company rose substantially by 23.86 per cent at Rs 17.13 crore in October-December quarter of this fiscal as against Rs 13.83 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 6.42 per cent to Rs 13.26 crore from Rs 12.46 crore in year ago period.

Other Income grew by 113.73 per cent at Rs 3.27 crore versus (Dec'22 Rs 1.53 crore).

Operating Profit surged by 180.43 per cent to Rs 3.87 crore as against Rs 1.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 126.93 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 1168.49 per cent at Rs 9.26 crore (Dec'22 Rs 0.73 crore).