The company reported standalone net profit of Rs 3.49 crore for the quarter ended December 31, 2023 as compared to Rs 3.27 crore in the same period last year, registering a year-on-year growth of 6.73 per cent.

Net revenue of the company rose marginally by 1.92 per cent at Rs 136.38 crore in October-December quarter of this fiscal as against Rs 133.81 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 2.40 per cent to Rs 130.32 crore from Rs 127.27 crore in year ago period.

Other Income grew by 23.08 per cent at Rs 1.92 crore versus (Dec'22 Rs 1.56 crore).

Operating Profit slipped by 7.34 per cent to Rs 6.06 crore as against Rs 6.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.20 per cent in December quarter.

Interest declined by 10.06 per cent y-o-y to Rs 3.22 crore