The company reported standalone net profit of Rs 4.76 crore for the quarter ended December 31, 2023 as compared to Rs 2.33 crore in the same period last year, registering a year-on-year growth of 104.29 per cent.

Net revenue of the company rose substantially by 77.47 per cent at Rs 26.00 crore in October-December quarter of this fiscal as against Rs 14.65 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 72.41 per cent to Rs 20.62 crore from Rs 11.96 crore in year ago period.

Other Income grew by 96.92 per cent at Rs 1.28 crore versus (Dec'22 Rs 0.65 crore).

Operating Profit surged by 100.00 per cent to Rs 5.38 crore as against Rs 2.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.57 per cent in December quarter.

Interest grew by 33.33 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 105.13 per cent at Rs 1.60 crore (Dec'22 Rs 0.78 crore).