The company reported standalone net profit of Rs 0.53 crore for the quarter ended December 31, 2023 as compared to Rs 0.23 crore in the same period last year, registering a year-on-year growth of 130.43 per cent.

Net revenue of the company rose substantially by 63.97 per cent at Rs 8.51 crore in October-December quarter of this fiscal as against Rs 5.19 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 72.01 per cent to Rs 8.48 crore from Rs 4.93 crore in year ago period.

Other Income grew by 1066.67 per cent at Rs 0.70 crore versus (Dec'22 Rs 0.06 crore).

Operating Profit slipped by 92.31 per cent to Rs 0.02 crore as against Rs 0.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 94.38 per cent in December quarter.

Taxation increased by 137.50 per cent at Rs 0.19 crore (Dec'22 Rs 0.08 crore).