The company reported standalone net profit of Rs 2.22 crore for the quarter ended December 31, 2023 as compared to Rs 1.58 crore in the same period last year, registering a year-on-year growth of 40.51 per cent.

Net revenue of the company rose moderately by 19.56 per cent at Rs 131.95 crore in October-December quarter of this fiscal as against Rs 110.36 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 18.24 per cent to Rs 134.07 crore from Rs 113.39 crore in year ago period.

Other Income grew by 14.30 per cent at Rs 9.43 crore versus (Dec'22 Rs 8.25 crore).

Operating Profit slipped by 29.80 per cent to Rs -2.12 crore as against Rs -3.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 41.24 per cent in December quarter.

Interest grew by 287.10 per cent y-o-y to Rs 1.20 crore, while Taxation increased by 47.17 per cent at Rs 0.78 crore (Dec'22 Rs 0.53 crore).