The company reported standalone net profit of Rs 5.53 crore for the quarter ended December 31, 2023 as compared to Rs 1.94 crore in the same period last year, registering a year-on-year growth of 185.05 per cent.

Net revenue of the company rose moderately by 17.53 per cent at Rs 59.00 crore in October-December quarter of this fiscal as against Rs 50.20 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 11.57 per cent to Rs 54.40 crore from Rs 48.76 crore in year ago period.

Other Income grew by 56.87 per cent at Rs 4.11 crore versus (Dec'22 Rs 2.62 crore).

Operating Profit surged by 219.44 per cent to Rs 4.60 crore as against Rs 1.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 171.78 per cent in December quarter.

Interest declined by 30.43 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 150.67 per cent at Rs 1.88 crore (Dec'22 Rs 0.75 crore).