The company reported standalone net profit of Rs 45.31 crore for the quarter ended December 31, 2023 as compared to Rs 6.88 crore in the same period last year, registering a year-on-year growth of 558.58 per cent.

Net revenue of the company rose substantially by 70.94 per cent at Rs 191.91 crore in October-December quarter of this fiscal as against Rs 112.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 61.95 per cent to Rs 157.17 crore from Rs 97.05 crore in year ago period.

Other Income dipped by 96.17 per cent at Rs 0.09 crore versus (Dec'22 Rs 2.35 crore).

Operating Profit surged by 128.19 per cent to Rs 34.73 crore as against Rs 15.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.48 per cent in December quarter.

Interest declined by 22.91 per cent y-o-y to Rs 3.23 crore, while Taxation increased by 357.47 per cent at Rs 11.94 crore (Dec'22 Rs 2.61 crore).