The company reported standalone net profit of Rs 2.05 crore for the quarter ended December 31, 2023 as compared to Rs 1.02 crore in the same period last year, registering a year-on-year growth of 100.98 per cent.

Net revenue of the company rose substantially by 92.85 per cent at Rs 32.36 crore in October-December quarter of this fiscal as against Rs 16.78 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 94.45 per cent to Rs 28.39 crore from Rs 14.60 crore in year ago period.

Other Income dipped by 41.67 per cent at Rs 0.14 crore versus (Dec'22 Rs 0.24 crore).

Operating Profit surged by 82.95 per cent to Rs 3.97 crore as against Rs 2.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.40 per cent in December quarter.

Interest grew by 13.89 per cent y-o-y to Rs 0.41 crore, while Taxation increased by 89.74 per cent at Rs 0.74 crore (Dec'22 Rs 0.39 crore).