The company reported standalone net profit of Rs 0.26 crore for the quarter ended December 31, 2023 as compared to Rs 0.09 crore in the same period last year, registering a year-on-year growth of 188.89 per cent.

Net revenue of the company rose moderately by 14.21 per cent at Rs 26.44 crore in October-December quarter of this fiscal as against Rs 23.15 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 13.65 per cent to Rs 25.81 crore from Rs 22.71 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 45.45 per cent to Rs 0.64 crore as against Rs 0.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.52 per cent in December quarter.

Interest grew by 9.09 per cent y-o-y to Rs 0.36 crore