The company reported standalone net profit of Rs 1.56 crore for the quarter ended December 31, 2023 as compared to Rs 1.03 crore in the same period last year, registering a year-on-year growth of 51.46 per cent.

Net revenue of the company declined moderately by 9.69 per cent at Rs 85.72 crore in October-December quarter of this fiscal as against Rs 94.92 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 11.37 per cent to Rs 81.91 crore from Rs 92.42 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.12 crore versus (Dec'22 Rs 0.12 crore).

Operating Profit surged by 52.40 per cent to Rs 3.81 crore as against Rs 2.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 68.82 per cent in December quarter.

Interest grew by 6.15 per cent y-o-y to Rs 0.69 crore, while Taxation increased by 109.68 per cent at Rs 1.30 crore (Dec'22 Rs 0.62 crore).