The company reported standalone net profit of Rs 7.70 crore for the quarter ended December 31, 2023 as compared to Rs 6.34 crore in the same period last year, registering a year-on-year growth of 21.45 per cent.

Net revenue of the company rose moderately by 13.03 per cent at Rs 23.85 crore in October-December quarter of this fiscal as against Rs 21.10 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.49 per cent to Rs 15.21 crore from Rs 14.15 crore in year ago period.

Other Income grew by 26.84 per cent at Rs 2.41 crore versus (Dec'22 Rs 1.90 crore).

Operating Profit surged by 24.14 per cent to Rs 8.64 crore as against Rs 6.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.89 per cent in December quarter.

Interest declined by 9.09 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 42.78 per cent at Rs 2.57 crore (Dec'22 Rs 1.80 crore).