The company reported standalone net profit of Rs 1.01 crore for the quarter ended December 31, 2023 as compared to Rs 0.97 crore in the same period last year, registering a year-on-year growth of 4.12 per cent.

Net revenue of the company rose moderately by 17.71 per cent at Rs 4.32 crore in October-December quarter of this fiscal as against Rs 3.67 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 196.13 per cent to Rs 4.59 crore from Rs 1.55 crore in year ago period.

Other Income grew by 376.67 per cent at Rs 2.86 crore versus (Dec'22 Rs 0.60 crore).

Operating Profit slipped by 113.21 per cent to Rs -0.28 crore as against Rs 2.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 111.17 per cent in December quarter.

Interest declined by 23.42 per cent y-o-y to Rs 0.85 crore, while Taxation increased by 76.92 per cent at Rs 0.23 crore (Dec'22 Rs 0.13 crore).