The company reported standalone net profit of Rs 2.63 crore for the quarter ended December 31, 2023 as compared to Rs 0.14 crore in the same period last year, registering a year-on-year growth of 1778.57 per cent.

Net revenue of the company rose substantially by 91.54 per cent at Rs 32.60 crore in October-December quarter of this fiscal as against Rs 17.02 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 88.17 per cent to Rs 26.87 crore from Rs 14.28 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 0.28 crore versus (Dec'22 Rs 0.16 crore).

Operating Profit surged by 109.52 per cent to Rs 5.72 crore as against Rs 2.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.41 per cent in December quarter.

Interest declined by 21.94 per cent y-o-y to Rs 1.21 crore, while Taxation increased by 4750.00 per cent at Rs 0.97 crore (Dec'22 Rs 0.02 crore).