The company reported standalone net profit of Rs 7.53 crore for the quarter ended December 31, 2023 as compared to Rs 6.38 crore in the same period last year, registering a year-on-year growth of 18.03 per cent.

Net revenue of the company rose substantially by 29.30 per cent at Rs 669.30 crore in October-December quarter of this fiscal as against Rs 517.63 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 30.12 per cent to Rs 648.29 crore from Rs 498.21 crore in year ago period.

Other Income grew by 171.83 per cent at Rs 1.93 crore versus (Dec'22 Rs 0.71 crore).

Operating Profit surged by 8.19 per cent to Rs 21.01 crore as against Rs 19.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.27 per cent in December quarter.

Interest grew by 32.85 per cent y-o-y to Rs 6.35 crore, while Taxation decreased by 9.19 per cent at Rs 2.57 crore (Dec'22 Rs 2.83 crore).