The company reported standalone net profit of Rs 3.74 crore for the quarter ended December 31, 2023 as compared to Rs 1.57 crore in the same period last year, registering a year-on-year growth of 138.22 per cent.

Net revenue of the company rose substantially by 62.02 per cent at Rs 109.67 crore in October-December quarter of this fiscal as against Rs 67.69 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 63.03 per cent to Rs 101.50 crore from Rs 62.26 crore in year ago period.

Other Income dipped by 3.45 per cent at Rs 0.28 crore versus (Dec'22 Rs 0.29 crore).

Operating Profit surged by 50.46 per cent to Rs 8.17 crore as against Rs 5.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.11 per cent in December quarter.

Interest grew by 34.29 per cent y-o-y to Rs 4.66 crore, while Taxation increased by 142.86 per cent at Rs 0.85 crore (Dec'22 Rs 0.35 crore).