The company reported standalone net profit of Rs 5.65 crore for the quarter ended December 31, 2023 as compared to Rs 4.98 crore in the same period last year, registering a year-on-year growth of 13.45 per cent.

Net revenue of the company rose moderately by 7.51 per cent at Rs 95.22 crore in October-December quarter of this fiscal as against Rs 88.57 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 0.33 per cent to Rs 79.19 crore from Rs 79.45 crore in year ago period.

Other Income dipped by 74.42 per cent at Rs 0.22 crore versus (Dec'22 Rs 0.86 crore).

Operating Profit surged by 75.66 per cent to Rs 16.02 crore as against Rs 9.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 63.40 per cent in December quarter.

Interest grew by 536.11 per cent y-o-y to Rs 2.29 crore, while Taxation decreased by 22.89 per cent at Rs 2.19 crore (Dec'22 Rs 2.84 crore).