The company reported standalone net profit of Rs 0.50 crore for the quarter ended December 31, 2023 as compared to Rs 0.42 crore in the same period last year, registering a year-on-year growth of 19.05 per cent.

Net revenue of the company rose moderately by 11.40 per cent at Rs 42.13 crore in October-December quarter of this fiscal as against Rs 37.82 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 10.97 per cent to Rs 41.48 crore from Rs 37.38 crore in year ago period.

Other Income dipped by 35.71 per cent at Rs 0.09 crore versus (Dec'22 Rs 0.14 crore).

Operating Profit surged by 53.49 per cent to Rs 0.66 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 35.65 per cent in December quarter.

Taxation increased by 200.00 per cent at Rs 0.12 crore (Dec'22 Rs 0.04 crore).