The company reported standalone net profit of Rs 0.83 crore for the quarter ended December 31, 2023 as compared to Rs 0.67 crore in the same period last year, registering a year-on-year growth of 23.88 per cent.

Net revenue of the company rose substantially by 81.85 per cent at Rs 134.42 crore in October-December quarter of this fiscal as against Rs 73.92 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 84.47 per cent to Rs 130.27 crore from Rs 70.62 crore in year ago period.

Other Income grew by 125.00 per cent at Rs 0.45 crore versus (Dec'22 Rs 0.20 crore).

Operating Profit surged by 25.38 per cent to Rs 4.15 crore as against Rs 3.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.87 per cent in December quarter.

Interest grew by 60.74 per cent y-o-y to Rs 2.17 crore