The company reported standalone net profit of Rs 2.07 crore for the quarter ended December 31, 2023 as compared to Rs 0.58 crore in the same period last year, registering a year-on-year growth of 256.90 per cent.

Net revenue of the company rose two fold by 253.15 per cent at Rs 30.30 crore in October-December quarter of this fiscal as against Rs 8.58 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 264.87 per cent to Rs 27.11 crore from Rs 7.43 crore in year ago period.

Other Income grew by 684.62 per cent at Rs 1.02 crore versus (Dec'22 Rs 0.13 crore).

Operating Profit surged by 175.00 per cent to Rs 3.19 crore as against Rs 1.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.83 per cent in December quarter.

Interest grew by 1733.33 per cent y-o-y to Rs 1.10 crore, while Taxation increased by 247.06 per cent at Rs 0.59 crore (Dec'22 Rs 0.17 crore).