The company reported standalone net profit of Rs 2.98 crore for the quarter ended December 31, 2023 as compared to Rs 1.56 crore in the same period last year, registering a year-on-year growth of 91.03 per cent.

Net revenue of the company rose by 0.33 per cent at Rs 17.98 crore in October-December quarter of this fiscal as against Rs 17.92 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 4.31 per cent to Rs 15.74 crore from Rs 15.09 crore in year ago period.

Other Income grew by 267.65 per cent at Rs 2.50 crore versus (Dec'22 Rs 0.68 crore).

Operating Profit slipped by 20.85 per cent to Rs 2.24 crore as against Rs 2.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.96 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.05 crore, while Taxation decreased by 23.75 per cent at Rs 0.61 crore (Dec'22 Rs 0.80 crore).