The company reported standalone net profit of Rs 2.38 crore for the quarter ended December 31, 2023 as compared to Rs 1.21 crore in the same period last year, registering a year-on-year growth of 96.69 per cent.

Net revenue of the company rose moderately by 10.84 per cent at Rs 85.91 crore in October-December quarter of this fiscal as against Rs 77.51 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 8.91 per cent to Rs 82.53 crore from Rs 75.78 crore in year ago period.

Other Income dipped by 71.43 per cent at Rs 0.04 crore versus (Dec'22 Rs 0.14 crore).

Operating Profit surged by 94.83 per cent to Rs 3.39 crore as against Rs 1.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.89 per cent in December quarter.

Interest declined by 8.00 per cent y-o-y to Rs 0.23 crore, while Taxation increased by 100.00 per cent at Rs 0.80 crore (Dec'22 Rs 0.40 crore).