The company reported standalone net profit of Rs 1.41 crore for the quarter ended December 31, 2023 as compared to Rs 0.68 crore in the same period last year, registering a year-on-year growth of 107.35 per cent.

Net revenue of the company rose moderately by 13.78 per cent at Rs 17.92 crore in October-December quarter of this fiscal as against Rs 15.75 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 10.11 per cent to Rs 15.79 crore from Rs 14.34 crore in year ago period.

Other Income grew by 50.00 per cent at Rs 0.06 crore versus (Dec'22 Rs 0.04 crore).

Operating Profit surged by 51.06 per cent to Rs 2.13 crore as against Rs 1.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.89 per cent in December quarter.

Interest declined by 62.50 per cent y-o-y to Rs 0.09 crore, while Taxation increased by 86.36 per cent at Rs 0.41 crore (Dec'22 Rs 0.22 crore).