The company reported standalone net profit of Rs 1.81 crore for the quarter ended December 31, 2023 as compared to Rs 1.43 crore in the same period last year, registering a year-on-year growth of 26.57 per cent.

Net revenue of the company rose substantially by 26.29 per cent at Rs 144.31 crore in October-December quarter of this fiscal as against Rs 114.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 27.01 per cent to Rs 137.63 crore from Rs 108.36 crore in year ago period.

Other Income dipped by 9.09 per cent at Rs 0.20 crore versus (Dec'22 Rs 0.22 crore).

Operating Profit surged by 12.86 per cent to Rs 6.67 crore as against Rs 5.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.64 per cent in December quarter.

Interest grew by 1.50 per cent y-o-y to Rs 3.39 crore, while Taxation increased by 0.00 per cent at Rs 0.17 crore (Dec'22 Rs 0.00 crore).