The company reported standalone net profit of Rs 1.85 crore for the quarter ended December 31, 2023 as compared to Rs 0.79 crore in the same period last year, registering a year-on-year growth of 134.18 per cent.

Net revenue of the company declined marginally by 4.56 per cent at Rs 56.35 crore in October-December quarter of this fiscal as against Rs 59.04 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 7.76 per cent to Rs 51.36 crore from Rs 55.68 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.06 crore versus (Dec'22 Rs 0.09 crore).

Operating Profit surged by 48.51 per cent to Rs 4.99 crore as against Rs 3.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 55.71 per cent in December quarter.

Interest declined by 11.50 per cent y-o-y to Rs 1.00 crore, while Taxation increased by 100.00 per cent at Rs 0.62 crore (Dec'22 Rs 0.31 crore).