The company reported standalone net profit of Rs 1.20 crore for the quarter ended December 31, 2023 as compared to Rs 1.24 crore in the same period last year, registering a year-on-year decline of 3.23 per cent.

Net revenue of the company rose moderately by 6.87 per cent at Rs 14.62 crore in October-December quarter of this fiscal as against Rs 13.68 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 5.87 per cent to Rs 12.09 crore from Rs 11.42 crore in year ago period.

Other Income grew by 50.00 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.02 crore).

Operating Profit surged by 12.44 per cent to Rs 2.53 crore as against Rs 2.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.85 per cent in December quarter.

Interest grew by 75.00 per cent y-o-y to Rs 0.42 crore, while Taxation increased by 18.75 per cent at Rs 0.57 crore (Dec'22 Rs 0.48 crore).