The company reported standalone net profit of Rs 9.58 crore for the quarter ended December 31, 2023 as compared to Rs 6.99 crore in the same period last year, registering a year-on-year growth of 37.05 per cent.

Net revenue of the company rose moderately by 8.27 per cent at Rs 42.01 crore in October-December quarter of this fiscal as against Rs 38.80 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 2.76 per cent to Rs 30.00 crore from Rs 30.85 crore in year ago period.

Other Income dipped by 8.12 per cent at Rs 3.51 crore versus (Dec'22 Rs 3.82 crore).

Operating Profit surged by 46.29 per cent to Rs 12.01 crore as against Rs 8.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 35.07 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 21.67 per cent at Rs 3.20 crore (Dec'22 Rs 2.63 crore).