The company reported standalone net profit of Rs 19.16 crore for the quarter ended December 31, 2023 as compared to Rs 17.59 crore in the same period last year, registering a year-on-year growth of 8.93 per cent.

Net revenue of the company declined substantially by 48.63 per cent at Rs 76.15 crore in October-December quarter of this fiscal as against Rs 148.24 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 57.38 per cent to Rs 55.19 crore from Rs 129.49 crore in year ago period.

Other Income grew by 14.81 per cent at Rs 0.31 crore versus (Dec'22 Rs 0.27 crore).

Operating Profit surged by 11.79 per cent to Rs 20.96 crore as against Rs 18.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 117.63 per cent in December quarter.

Interest grew by 2.99 per cent y-o-y to Rs 0.69 crore