The company reported standalone net profit of Rs 2.73 crore for the quarter ended December 31, 2023 as compared to Rs 0.37 crore in the same period last year, registering a year-on-year growth of 637.84 per cent.

Net revenue of the company rose moderately by 15.11 per cent at Rs 17.98 crore in October-December quarter of this fiscal as against Rs 15.62 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.43 per cent to Rs 13.90 crore from Rs 15.18 crore in year ago period.

Other Income dipped by 2.33 per cent at Rs 0.42 crore versus (Dec'22 Rs 0.43 crore).

Operating Profit surged by 806.67 per cent to Rs 4.08 crore as against Rs 0.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 690.59 per cent in December quarter.

Interest grew by 340.00 per cent y-o-y to Rs 0.44 crore, while Taxation increased by 650.00 per cent at Rs 1.05 crore (Dec'22 Rs 0.14 crore).