The company reported standalone net profit of Rs 1.46 crore for the quarter ended December 31, 2023 as compared to Rs 0.89 crore in the same period last year, registering a year-on-year growth of 64.04 per cent.

Net revenue of the company rose substantially by 87.48 per cent at Rs 13.63 crore in October-December quarter of this fiscal as against Rs 7.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.67 per cent to Rs 0.19 crore from Rs 0.15 crore in year ago period.

Operating Profit surged by 88.76 per cent to Rs 13.44 crore as against Rs 7.12 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.66 per cent in December quarter.

Interest grew by 95.71 per cent y-o-y to Rs 11.41 crore, while Taxation increased by 71.43 per cent at Rs 0.48 crore (Dec'22 Rs 0.28 crore).