The company reported standalone net profit of Rs 1.14 crore for the quarter ended December 31, 2023 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year growth of 533.33 per cent.

Net revenue of the company rose substantially by 40.52 per cent at Rs 34.89 crore in October-December quarter of this fiscal as against Rs 24.83 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 37.63 per cent to Rs 32.88 crore from Rs 23.89 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.10 crore versus (Dec'22 Rs 0.15 crore).

Operating Profit surged by 116.13 per cent to Rs 2.01 crore as against Rs 0.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 53.46 per cent in December quarter.

Interest grew by 11.43 per cent y-o-y to Rs 0.78 crore