The company reported standalone net profit of Rs 1.33 crore for the quarter ended December 31, 2023 as compared to Rs 1.01 crore in the same period last year, registering a year-on-year growth of 31.68 per cent.

Net revenue of the company rose moderately by 15.35 per cent at Rs 40.13 crore in October-December quarter of this fiscal as against Rs 34.79 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 16.83 per cent to Rs 36.58 crore from Rs 31.31 crore in year ago period.

Operating Profit surged by 2.01 per cent to Rs 3.55 crore as against Rs 3.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.69 per cent in December quarter.

Interest declined by 2.82 per cent y-o-y to Rs 0.69 crore