The company reported standalone net profit of Rs 0.67 crore for the quarter ended December 31, 2023 as compared to Rs 0.27 crore in the same period last year, registering a year-on-year growth of 148.15 per cent.

Net revenue of the company rose triple digit by 117.87 per cent at Rs 38.65 crore in October-December quarter of this fiscal as against Rs 17.74 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 124.25 per cent to Rs 37.18 crore from Rs 16.58 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit surged by 26.72 per cent to Rs 1.47 crore as against Rs 1.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.83 per cent in December quarter.

Interest declined by 18.29 per cent y-o-y to Rs 0.67 crore, while Taxation increased by 0.00 per cent at Rs 0.02 crore (Dec'22 Rs 0.00 crore).