The company reported standalone net profit of Rs 0.27 crore for the quarter ended December 31, 2023 as compared to Rs 0.37 crore in the same period last year, registering a year-on-year decline of 27.03 per cent.

Net revenue of the company rose three fold by 679.50 per cent at Rs 24.71 crore in October-December quarter of this fiscal as against Rs 3.17 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 673.97 per cent to Rs 24.38 crore from Rs 3.15 crore in year ago period.

Other Income dipped by 93.48 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.46 crore).

Operating Profit surged by 1550.00 per cent to Rs 0.33 crore as against Rs 0.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 77.33 per cent in December quarter.

Taxation decreased by 18.18 per cent at Rs 0.09 crore (Dec'22 Rs 0.11 crore).