The company reported standalone net profit of Rs 0.95 crore for the quarter ended December 31, 2023 as compared to Rs 0.43 crore in the same period last year, registering a year-on-year growth of 120.93 per cent.

Net revenue of the company rose substantially by 35.62 per cent at Rs 59.66 crore in October-December quarter of this fiscal as against Rs 43.99 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 35.83 per cent to Rs 56.68 crore from Rs 41.73 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 0.07 crore versus (Dec'22 Rs 0.04 crore).

Operating Profit surged by 31.86 per cent to Rs 2.98 crore as against Rs 2.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.11 per cent in December quarter.

Interest grew by 20.79 per cent y-o-y to Rs 1.22 crore, while Taxation increased by 40.00 per cent at Rs 0.21 crore (Dec'22 Rs 0.15 crore).