The company reported standalone net profit of Rs 3.78 crore for the quarter ended December 31, 2023 as compared to Rs 0.04 crore in the same period last year, registering a year-on-year growth of 9350.00 per cent.

Net revenue of the company rose substantially by 48.61 per cent at Rs 17.09 crore in October-December quarter of this fiscal as against Rs 11.50 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 49.57 per cent to Rs 15.75 crore from Rs 10.53 crore in year ago period.

Other Income grew by 2910.00 per cent at Rs 3.01 crore versus (Dec'22 Rs 0.10 crore).

Operating Profit surged by 38.14 per cent to Rs 1.34 crore as against Rs 0.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.56 per cent in December quarter.

Interest declined by 47.42 per cent y-o-y to Rs 0.51 crore