The company reported standalone net profit of Rs 1.32 crore for the quarter ended December 31, 2023 as compared to Rs 0.16 crore in the same period last year, registering a year-on-year growth of 725.00 per cent.

Net revenue of the company declined by 5.29 per cent at Rs 12.71 crore in October-December quarter of this fiscal as against Rs 13.42 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 25.35 per cent to Rs 6.33 crore from Rs 8.48 crore in year ago period.

Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.01 crore).

Operating Profit surged by 29.15 per cent to Rs 6.38 crore as against Rs 4.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.46 per cent in December quarter.

Interest grew by 6.73 per cent y-o-y to Rs 2.22 crore, while Taxation increased by 47.50 per cent at Rs 0.59 crore (Dec'22 Rs 0.40 crore).