The company reported standalone net profit of Rs 2.11 crore for the quarter ended December 31, 2023 as compared to Rs 2.66 crore in the same period last year, registering a year-on-year decline of 20.68 per cent.

Net revenue of the company rose substantially by 38.88 per cent at Rs 27.90 crore in October-December quarter of this fiscal as against Rs 20.09 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 50.88 per cent to Rs 24.94 crore from Rs 16.53 crore in year ago period.

Other Income dipped by 11.32 per cent at Rs 0.47 crore versus (Dec'22 Rs 0.53 crore).

Operating Profit slipped by 17.13 per cent to Rs 2.95 crore as against Rs 3.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.17 per cent in December quarter.

Interest grew by 2.38 per cent y-o-y to Rs 0.43 crore, while Taxation decreased by 15.73 per cent at Rs 0.75 crore (Dec'22 Rs 0.89 crore).