The company reported standalone net profit of Rs 1.40 crore for the quarter ended December 31, 2023 as compared to Rs 0.40 crore in the same period last year, registering a year-on-year growth of 250.00 per cent.

Net revenue of the company rose substantially by 22.60 per cent at Rs 20.29 crore in October-December quarter of this fiscal as against Rs 16.55 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 18.98 per cent to Rs 16.17 crore from Rs 13.59 crore in year ago period.

Other Income dipped by 50.00 per cent at Rs 0.22 crore versus (Dec'22 Rs 0.44 crore).

Operating Profit surged by 39.53 per cent to Rs 4.13 crore as against Rs 2.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.77 per cent in December quarter.

Interest declined by 33.79 per cent y-o-y to Rs 0.96 crore, while Taxation increased by 377.78 per cent at Rs 0.43 crore (Dec'22 Rs 0.09 crore).