The company reported standalone net profit of Rs 10.46 crore for the quarter ended December 31, 2023 as compared to Rs 6.99 crore in the same period last year, registering a year-on-year growth of 49.64 per cent.

Net revenue of the company declined moderately by 6.26 per cent at Rs 45.08 crore in October-December quarter of this fiscal as against Rs 48.09 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 18.26 per cent to Rs 30.80 crore from Rs 37.68 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 1.40 crore versus (Dec'22 Rs 0.80 crore).

Operating Profit surged by 37.18 per cent to Rs 14.28 crore as against Rs 10.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 46.28 per cent in December quarter.

Interest declined by 29.41 per cent y-o-y to Rs 0.24 crore, while Taxation increased by 31.03 per cent at Rs 3.80 crore (Dec'22 Rs 2.90 crore).