The company reported standalone net profit of Rs 4.74 crore for the quarter ended December 31, 2023 as compared to Rs 3.77 crore in the same period last year, registering a year-on-year growth of 25.73 per cent.

Net revenue of the company rose marginally by 1.40 per cent at Rs 20.95 crore in October-December quarter of this fiscal as against Rs 20.66 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.57 per cent to Rs 9.52 crore from Rs 8.85 crore in year ago period.

Other Income dipped by 38.24 per cent at Rs 1.05 crore versus (Dec'22 Rs 1.70 crore).

Operating Profit slipped by 3.30 per cent to Rs 11.43 crore as against Rs 11.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.56 per cent in December quarter.

Interest declined by 34.30 per cent y-o-y to Rs 3.62 crore, while Taxation increased by 3633.33 per cent at Rs 1.06 crore (Dec'22 Rs -0.03 crore).