The company reported standalone net profit of Rs 16.52 crore for the quarter ended December 31, 2023 as compared to Rs 9.58 crore in the same period last year, registering a year-on-year growth of 72.44 per cent.

Net revenue of the company rose three fold by 1328.39 per cent at Rs 122.27 crore in October-December quarter of this fiscal as against Rs 8.56 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 978.56 per cent to Rs 122.74 crore from Rs 11.38 crore in year ago period.

Other Income grew by 64.16 per cent at Rs 29.09 crore versus (Dec'22 Rs 17.72 crore).

Operating Profit slipped by 82.98 per cent to Rs -0.48 crore as against Rs -2.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 98.81 per cent in December quarter.

Interest declined by 14.66 per cent y-o-y to Rs 1.63 crore, while Taxation increased by 486.67 per cent at Rs 8.80 crore (Dec'22 Rs 1.50 crore).