The company reported standalone net profit of Rs 1.58 crore for the quarter ended December 31, 2023 as compared to Rs 0.55 crore in the same period last year, registering a year-on-year growth of 187.27 per cent.

Net revenue of the company rose substantially by 35.16 per cent at Rs 12.57 crore in October-December quarter of this fiscal as against Rs 9.30 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.28 per cent to Rs 10.03 crore from Rs 7.88 crore in year ago period.

Other Income grew by 290.91 per cent at Rs 0.21 crore versus (Dec'22 Rs -0.11 crore).

Operating Profit surged by 80.85 per cent to Rs 2.55 crore as against Rs 1.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.05 per cent in December quarter.

Interest declined by 18.60 per cent y-o-y to Rs 0.35 crore, while Taxation increased by 378.57 per cent at Rs 0.67 crore (Dec'22 Rs 0.14 crore).