The company reported standalone net profit of Rs 4.52 crore for the quarter ended December 31, 2023 as compared to Rs 2.65 crore in the same period last year, registering a year-on-year growth of 70.57 per cent.

Net revenue of the company rose triple digit by 101.76 per cent at Rs 99.49 crore in October-December quarter of this fiscal as against Rs 49.31 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 104.27 per cent to Rs 93.76 crore from Rs 45.90 crore in year ago period.

Other Income dipped by 45.95 per cent at Rs 0.60 crore versus (Dec'22 Rs 1.11 crore).

Operating Profit surged by 68.04 per cent to Rs 5.73 crore as against Rs 3.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.76 per cent in December quarter.

Interest declined by 25.49 per cent y-o-y to Rs 0.76 crore