The company reported standalone net profit of Rs 2.40 crore for the quarter ended December 31, 2023 as compared to Rs 1.52 crore in the same period last year, registering a year-on-year growth of 57.89 per cent.

Net revenue of the company rose substantially by 82.62 per cent at Rs 74.18 crore in October-December quarter of this fiscal as against Rs 40.62 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 88.58 per cent to Rs 68.36 crore from Rs 36.25 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.13 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 33.18 per cent to Rs 5.82 crore as against Rs 4.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 27.14 per cent in December quarter.

Interest grew by 36.26 per cent y-o-y to Rs 2.48 crore, while Taxation increased by 0.00 per cent at Rs -0.20 crore (Dec'22 Rs 0.00 crore).