The company reported standalone net profit of Rs 9.82 crore for the quarter ended December 31, 2023 as compared to Rs 0.96 crore in the same period last year, registering a year-on-year growth of 922.92 per cent.

Net revenue of the company declined substantially by 23.86 per cent at Rs 138.91 crore in October-December quarter of this fiscal as against Rs 182.44 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 29.37 per cent to Rs 126.28 crore from Rs 178.80 crore in year ago period.

Other Income grew by 43.89 per cent at Rs 6.36 crore versus (Dec'22 Rs 4.42 crore).

Operating Profit surged by 246.98 per cent to Rs 12.63 crore as against Rs 3.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 354.50 per cent in December quarter.

Interest grew by 0.93 per cent y-o-y to Rs 2.18 crore, while Taxation increased by 272.73 per cent at Rs 3.28 crore (Dec'22 Rs 0.88 crore).