The company reported standalone net profit of Rs 7.70 crore for the quarter ended December 31, 2023 as compared to Rs 7.23 crore in the same period last year, registering a year-on-year growth of 6.50 per cent.

Net revenue of the company rose substantially by 39.44 per cent at Rs 78.10 crore in October-December quarter of this fiscal as against Rs 56.01 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 50.32 per cent to Rs 61.39 crore from Rs 40.84 crore in year ago period.

Other Income grew by 77.14 per cent at Rs 0.62 crore versus (Dec'22 Rs 0.35 crore).

Operating Profit surged by 10.09 per cent to Rs 16.70 crore as against Rs 15.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.04 per cent in December quarter.

Interest grew by 40.00 per cent y-o-y to Rs 2.73 crore, while Taxation decreased by 26.07 per cent at Rs 2.07 crore (Dec'22 Rs 2.80 crore).