The company reported standalone net profit of Rs 5.25 crore for the quarter ended December 31, 2023 as compared to Rs 0.25 crore in the same period last year, registering a year-on-year growth of 2000.00 per cent.

Net revenue of the company declined substantially by 25.25 per cent at Rs 59.28 crore in October-December quarter of this fiscal as against Rs 79.30 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 33.00 per cent to Rs 52.20 crore from Rs 77.91 crore in year ago period.

Other Income grew by 255.17 per cent at Rs 1.03 crore versus (Dec'22 Rs 0.29 crore).

Operating Profit surged by 409.35 per cent to Rs 7.08 crore as against Rs 1.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 582.29 per cent in December quarter.

Interest declined by 62.75 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 1353.85 per cent at Rs 1.89 crore (Dec'22 Rs 0.13 crore).