The company reported standalone net profit of Rs 2.96 crore for the quarter ended December 31, 2023 as compared to Rs 2.90 crore in the same period last year, registering a year-on-year growth of 2.07 per cent.

Net revenue of the company declined moderately by 19.48 per cent at Rs 130.29 crore in October-December quarter of this fiscal as against Rs 161.81 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 20.62 per cent to Rs 122.73 crore from Rs 154.61 crore in year ago period.

Other Income dipped by 44.44 per cent at Rs 0.05 crore versus (Dec'22 Rs 0.09 crore).

Operating Profit surged by 5.00 per cent to Rs 7.56 crore as against Rs 7.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.34 per cent in December quarter.

Interest grew by 1.72 per cent y-o-y to Rs 1.77 crore, while Taxation increased by 10.00 per cent at Rs 1.21 crore (Dec'22 Rs 1.10 crore).