The company reported standalone net profit of Rs 2.19 crore for the quarter ended December 31, 2023 as compared to Rs 1.14 crore in the same period last year, registering a year-on-year growth of 92.11 per cent.

Net revenue of the company rose substantially by 34.61 per cent at Rs 18.98 crore in October-December quarter of this fiscal as against Rs 14.10 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 25.81 per cent to Rs 15.55 crore from Rs 12.36 crore in year ago period.

Other Income dipped by 58.82 per cent at Rs 0.07 crore versus (Dec'22 Rs 0.17 crore).

Operating Profit surged by 97.13 per cent to Rs 3.43 crore as against Rs 1.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 46.28 per cent in December quarter.

Interest grew by 70.59 per cent y-o-y to Rs 0.29 crore, while Taxation increased by 82.98 per cent at Rs 0.86 crore (Dec'22 Rs 0.47 crore).