The company reported standalone net profit of Rs 2.45 crore for the quarter ended December 31, 2023 as compared to Rs 1.48 crore in the same period last year, registering a year-on-year growth of 65.54 per cent.

Net revenue of the company rose substantially by 61.58 per cent at Rs 35.16 crore in October-December quarter of this fiscal as against Rs 21.76 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 56.54 per cent to Rs 31.59 crore from Rs 20.18 crore in year ago period.

Other Income dipped by 32.88 per cent at Rs 0.49 crore versus (Dec'22 Rs 0.73 crore).

Operating Profit surged by 127.39 per cent to Rs 3.57 crore as against Rs 1.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.66 per cent in December quarter.

Interest grew by 140.91 per cent y-o-y to Rs 0.53 crore, while Taxation increased by 120.00 per cent at Rs 0.88 crore (Dec'22 Rs 0.40 crore).