The company reported standalone net profit of Rs 0.80 crore for the quarter ended December 31, 2023 as compared to Rs 0.51 crore in the same period last year, registering a year-on-year growth of 56.86 per cent.

Net revenue of the company declined moderately by 15.56 per cent at Rs 102.47 crore in October-December quarter of this fiscal as against Rs 121.35 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 16.22 per cent to Rs 102.04 crore from Rs 121.79 crore in year ago period.

Other Income dipped by 16.05 per cent at Rs 1.36 crore versus (Dec'22 Rs 1.62 crore).

Operating Profit surged by 197.73 per cent to Rs 0.43 crore as against Rs -0.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 216.67 per cent in December quarter.

Interest declined by 55.00 per cent y-o-y to Rs 0.09 crore, while Taxation increased by 625.00 per cent at Rs 0.21 crore (Dec'22 Rs -0.04 crore).