The company reported standalone net profit of Rs 1.85 crore for the quarter ended December 31, 2023 as compared to Rs 0.53 crore in the same period last year, registering a year-on-year growth of 249.06 per cent.

Net revenue of the company rose moderately by 16.33 per cent at Rs 12.82 crore in October-December quarter of this fiscal as against Rs 11.02 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 22.58 per cent to Rs 12.27 crore from Rs 10.01 crore in year ago period.

Other Income grew by 1900.00 per cent at Rs 2.20 crore versus (Dec'22 Rs 0.11 crore).

Operating Profit slipped by 45.54 per cent to Rs 0.55 crore as against Rs 1.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 53.27 per cent in December quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 100.00 per cent at Rs 0.56 crore (Dec'22 Rs 0.28 crore).