The company reported standalone net profit of Rs 1.67 crore for the quarter ended December 31, 2023 as compared to Rs 1.13 crore in the same period last year, registering a year-on-year growth of 47.79 per cent.

Net revenue of the company rose moderately by 18.24 per cent at Rs 180.24 crore in October-December quarter of this fiscal as against Rs 152.44 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 18.40 per cent to Rs 175.82 crore from Rs 148.50 crore in year ago period.

Other Income dipped by 75.00 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.12 crore).

Operating Profit surged by 12.18 per cent to Rs 4.42 crore as against Rs 3.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.04 per cent in December quarter.

Interest grew by 88.75 per cent y-o-y to Rs 1.51 crore, while Taxation increased by 33.33 per cent at Rs 0.60 crore (Dec'22 Rs 0.45 crore).