The company reported standalone net profit of Rs 1.47 crore for the quarter ended December 31, 2023 as compared to Rs 0.29 crore in the same period last year, registering a year-on-year growth of 406.90 per cent.

Net revenue of the company rose moderately by 16.62 per cent at Rs 13.05 crore in October-December quarter of this fiscal as against Rs 11.19 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 3.02 per cent to Rs 9.54 crore from Rs 9.26 crore in year ago period.

Operating Profit surged by 82.38 per cent to Rs 3.52 crore as against Rs 1.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 56.60 per cent in December quarter.

Interest declined by 28.89 per cent y-o-y to Rs 0.32 crore, while Taxation increased by 441.67 per cent at Rs 0.65 crore (Dec'22 Rs 0.12 crore).