The company reported standalone net profit of Rs 3.28 crore for the quarter ended December 31, 2023 as compared to Rs 0.90 crore in the same period last year, registering a year-on-year growth of 264.44 per cent.

Net revenue of the company rose substantially by 34.02 per cent at Rs 69.65 crore in October-December quarter of this fiscal as against Rs 51.97 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 28.81 per cent to Rs 65.77 crore from Rs 51.06 crore in year ago period.

Other Income grew by 66.67 per cent at Rs 0.90 crore versus (Dec'22 Rs 0.54 crore).

Operating Profit surged by 326.37 per cent to Rs 3.88 crore as against Rs 0.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 218.29 per cent in December quarter.

Interest grew by 25.00 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 260.00 per cent at Rs 1.26 crore (Dec'22 Rs 0.35 crore).