The company reported standalone net profit of Rs 40.00 crore for the quarter ended December 31, 2023 as compared to Rs 3.01 crore in the same period last year, registering a year-on-year growth of 1228.90 per cent.

Net revenue of the company rose three fold by 1343.07 per cent at Rs 57.29 crore in October-December quarter of this fiscal as against Rs 3.97 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 243.59 per cent to Rs 1.34 crore from Rs 0.39 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 1463.13 per cent to Rs 55.96 crore as against Rs 3.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.39 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.15 crore, while Taxation increased by 3050.00 per cent at Rs 15.75 crore (Dec'22 Rs 0.50 crore).