The company reported standalone net profit of Rs 1.02 crore for the quarter ended December 31, 2023 as compared to Rs 0.67 crore in the same period last year, registering a year-on-year growth of 52.24 per cent.

Net revenue of the company declined by 5.02 per cent at Rs 20.25 crore in October-December quarter of this fiscal as against Rs 21.32 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 9.49 per cent to Rs 18.12 crore from Rs 20.02 crore in year ago period.

Operating Profit surged by 63.85 per cent to Rs 2.13 crore as against Rs 1.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 72.70 per cent in December quarter.

Interest grew by 47.83 per cent y-o-y to Rs 0.34 crore, while Taxation increased by 92.31 per cent at Rs 0.50 crore (Dec'22 Rs 0.26 crore).