The company reported standalone net profit of Rs 0.99 crore for the quarter ended December 31, 2023 as compared to Rs 0.26 crore in the same period last year, registering a year-on-year growth of 280.77 per cent.

Net revenue of the company rose substantially by 31.57 per cent at Rs 29.67 crore in October-December quarter of this fiscal as against Rs 22.55 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 29.73 per cent to Rs 28.54 crore from Rs 22.00 crore in year ago period.

Other Income grew by 10.56 per cent at Rs 1.99 crore versus (Dec'22 Rs 1.80 crore).

Operating Profit surged by 105.45 per cent to Rs 1.13 crore as against Rs 0.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 56.15 per cent in December quarter.

Interest grew by 17.12 per cent y-o-y to Rs 1.71 crore, while Taxation increased by 900.00 per cent at Rs -0.10 crore (Dec'22 Rs -0.01 crore).