The company reported standalone net profit of Rs 2.82 crore for the quarter ended December 31, 2023 as compared to Rs 1.75 crore in the same period last year, registering a year-on-year growth of 61.14 per cent.

Net revenue of the company declined moderately by 7.53 per cent at Rs 195.20 crore in October-December quarter of this fiscal as against Rs 211.10 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 10.46 per cent to Rs 174.63 crore from Rs 195.03 crore in year ago period.

Other Income grew by 8.89 per cent at Rs 0.49 crore versus (Dec'22 Rs 0.45 crore).

Operating Profit surged by 28.00 per cent to Rs 20.57 crore as against Rs 16.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.50 per cent in December quarter.

Interest grew by 49.94 per cent y-o-y to Rs 12.01 crore, while Taxation decreased by 42.07 per cent at Rs 0.84 crore (Dec'22 Rs 1.45 crore).