The company reported standalone net profit of Rs 0.62 crore for the quarter ended December 31, 2023 as compared to Rs 4.08 crore in the same period last year, registering a year-on-year decline of 84.80 per cent.

Net revenue of the company rose substantially by 23.41 per cent at Rs 150.39 crore in October-December quarter of this fiscal as against Rs 121.86 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.68 per cent to Rs 145.75 crore from Rs 115.05 crore in year ago period.

Other Income dipped by 38.21 per cent at Rs 4.98 crore versus (Dec'22 Rs 8.06 crore).

Operating Profit slipped by 31.86 per cent to Rs 4.64 crore as against Rs 6.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.72 per cent in December quarter.

Interest declined by 21.21 per cent y-o-y to Rs 6.50 crore