The company reported standalone net profit of Rs 4.63 crore for the quarter ended December 31, 2023 as compared to Rs 1.86 crore in the same period last year, registering a year-on-year growth of 148.92 per cent.

Net revenue of the company declined by 5.19 per cent at Rs 256.13 crore in October-December quarter of this fiscal as against Rs 270.16 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 6.85 per cent to Rs 246.24 crore from Rs 264.35 crore in year ago period.

Other Income dipped by 80.95 per cent at Rs 0.04 crore versus (Dec'22 Rs 0.21 crore).

Operating Profit surged by 69.93 per cent to Rs 9.89 crore as against Rs 5.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.53 per cent in December quarter.

Interest declined by 1.28 per cent y-o-y to Rs 3.08 crore, while Taxation increased by 183.33 per cent at Rs 1.87 crore (Dec'22 Rs 0.66 crore).