The company reported standalone net profit of Rs 1.22 crore for the quarter ended December 31, 2023 as compared to Rs 0.67 crore in the same period last year, registering a year-on-year growth of 82.09 per cent.

Net revenue of the company rose moderately by 10.09 per cent at Rs 43.11 crore in October-December quarter of this fiscal as against Rs 39.16 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.32 per cent to Rs 39.59 crore from Rs 36.89 crore in year ago period.

Other Income dipped by 83.33 per cent at Rs 0.05 crore versus (Dec'22 Rs 0.30 crore).

Operating Profit surged by 55.07 per cent to Rs 3.52 crore as against Rs 2.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.93 per cent in December quarter.

Interest grew by 15.45 per cent y-o-y to Rs 1.27 crore, while Taxation increased by 79.31 per cent at Rs 0.52 crore (Dec'22 Rs 0.29 crore).