The company reported standalone net profit of Rs 1.46 crore for the quarter ended December 31, 2023 as compared to Rs 2.52 crore in the same period last year, registering a year-on-year decline of 42.06 per cent.

Net revenue of the company rose substantially by 40.73 per cent at Rs 4.25 crore in October-December quarter of this fiscal as against Rs 3.02 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.92 per cent to Rs 0.33 crore from Rs 0.26 crore in year ago period.

Operating Profit surged by 42.03 per cent to Rs 3.92 crore as against Rs 2.76 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.93 per cent in December quarter.

Interest grew by 73.38 per cent y-o-y to Rs 2.41 crore, while Taxation increased by 103.48 per cent at Rs 0.04 crore (Dec'22 Rs -1.15 crore).