The company reported standalone net profit of Rs 2.17 crore for the quarter ended December 31, 2023 as compared to Rs 1.99 crore in the same period last year, registering a year-on-year growth of 9.05 per cent.

Net revenue of the company rose substantially by 45.17 per cent at Rs 37.73 crore in October-December quarter of this fiscal as against Rs 25.99 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 50.11 per cent to Rs 33.67 crore from Rs 22.43 crore in year ago period.

Operating Profit surged by 14.37 per cent to Rs 4.06 crore as against Rs 3.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.36 per cent in December quarter.

Interest grew by 45.45 per cent y-o-y to Rs 0.64 crore, while Taxation decreased by 13.75 per cent at Rs 0.69 crore (Dec'22 Rs 0.80 crore).