The company reported standalone net profit of Rs 4.11 crore for the quarter ended December 31, 2023 as compared to Rs 0.25 crore in the same period last year, registering a year-on-year growth of 1544.00 per cent.

Net revenue of the company rose moderately by 7.91 per cent at Rs 190.91 crore in October-December quarter of this fiscal as against Rs 176.92 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.16 per cent to Rs 180.02 crore from Rs 167.99 crore in year ago period.

Other Income grew by 451.72 per cent at Rs 3.20 crore versus (Dec'22 Rs 0.58 crore).

Operating Profit surged by 21.95 per cent to Rs 10.89 crore as against Rs 8.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.87 per cent in December quarter.

Interest declined by 8.61 per cent y-o-y to Rs 6.37 crore, while Taxation increased by 1637.50 per cent at Rs 1.39 crore (Dec'22 Rs 0.08 crore).