The company reported standalone net profit of Rs 3.43 crore for the quarter ended December 31, 2023 as compared to Rs 2.34 crore in the same period last year, registering a year-on-year growth of 46.58 per cent.

Net revenue of the company rose substantially by 35.93 per cent at Rs 87.27 crore in October-December quarter of this fiscal as against Rs 64.20 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 40.23 per cent to Rs 79.47 crore from Rs 56.67 crore in year ago period.

Other Income grew by 27.27 per cent at Rs 0.56 crore versus (Dec'22 Rs 0.44 crore).

Operating Profit surged by 3.72 per cent to Rs 7.81 crore as against Rs 7.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.70 per cent in December quarter.

Interest declined by 27.86 per cent y-o-y to Rs 2.59 crore, while Taxation increased by 32.32 per cent at Rs 1.31 crore (Dec'22 Rs 0.99 crore).