The company reported standalone net profit of Rs 14.92 crore for the quarter ended December 31, 2023 as compared to Rs 11.61 crore in the same period last year, registering a year-on-year growth of 28.51 per cent.

Net revenue of the company declined moderately by 17.83 per cent at Rs 585.10 crore in October-December quarter of this fiscal as against Rs 712.09 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.09 per cent to Rs 561.71 crore from Rs 685.78 crore in year ago period.

Other Income grew by 565.31 per cent at Rs 6.84 crore versus (Dec'22 Rs -1.47 crore).

Operating Profit slipped by 11.10 per cent to Rs 23.39 crore as against Rs 26.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.11 per cent in December quarter.

Interest grew by 10.42 per cent y-o-y to Rs 6.25 crore, while Taxation increased by 34.97 per cent at Rs 6.60 crore (Dec'22 Rs 4.89 crore).