The company reported standalone net profit of Rs 19.11 crore for the quarter ended December 31, 2023 as compared to Rs 9.31 crore in the same period last year, registering a year-on-year growth of 105.26 per cent.

Net revenue of the company rose substantially by 24.05 per cent at Rs 172.10 crore in October-December quarter of this fiscal as against Rs 138.73 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 17.27 per cent to Rs 148.11 crore from Rs 126.30 crore in year ago period.

Other Income grew by 73.46 per cent at Rs 3.66 crore versus (Dec'22 Rs 2.11 crore).

Operating Profit surged by 93.00 per cent to Rs 23.99 crore as against Rs 12.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 55.58 per cent in December quarter.

Interest grew by 366.67 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 123.47 per cent at Rs 6.19 crore (Dec'22 Rs 2.77 crore).