The company reported standalone net profit of Rs 1.97 crore for the quarter ended December 31, 2023 as compared to Rs 1.50 crore in the same period last year, registering a year-on-year growth of 31.33 per cent.

Net revenue of the company rose moderately by 8.38 per cent at Rs 31.31 crore in October-December quarter of this fiscal as against Rs 28.89 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 6.57 per cent to Rs 27.89 crore from Rs 26.17 crore in year ago period.

Other Income dipped by 64.29 per cent at Rs 0.05 crore versus (Dec'22 Rs 0.14 crore).

Operating Profit surged by 25.74 per cent to Rs 3.42 crore as against Rs 2.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.92 per cent in December quarter.

Interest declined by 29.55 per cent y-o-y to Rs 0.31 crore, while Taxation increased by 38.98 per cent at Rs 0.82 crore (Dec'22 Rs 0.59 crore).