The company reported standalone net profit of Rs 0.09 crore for the quarter ended December 31, 2023 as compared to Rs 0.64 crore in the same period last year, registering a year-on-year decline of 85.94 per cent.

Net revenue of the company rose triple digit by 130.01 per cent at Rs 22.84 crore in October-December quarter of this fiscal as against Rs 9.93 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 154.03 per cent to Rs 17.35 crore from Rs 6.83 crore in year ago period.

Other Income dipped by 46.77 per cent at Rs 0.66 crore versus (Dec'22 Rs 1.24 crore).

Operating Profit surged by 77.67 per cent to Rs 5.49 crore as against Rs 3.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.85 per cent in December quarter.

Interest grew by 59.13 per cent y-o-y to Rs 5.84 crore, while Taxation increased by 0.00 per cent at Rs 0.07 crore (Dec'22 Rs 0.00 crore).