The company reported standalone net profit of Rs 27.29 crore for the quarter ended December 31, 2023 as compared to Rs 17.03 crore in the same period last year, registering a year-on-year growth of 60.25 per cent.

Net revenue of the company declined moderately by 7.56 per cent at Rs 230.16 crore in October-December quarter of this fiscal as against Rs 248.97 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.39 per cent to Rs 195.10 crore from Rs 222.68 crore in year ago period.

Other Income grew by 55.60 per cent at Rs 8.62 crore versus (Dec'22 Rs 5.54 crore).

Operating Profit surged by 33.36 per cent to Rs 35.06 crore as against Rs 26.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 44.22 per cent in December quarter.

Interest declined by 6.56 per cent y-o-y to Rs 2.85 crore, while Taxation increased by 40.03 per cent at Rs 8.36 crore (Dec'22 Rs 5.97 crore).