The company reported standalone net profit of Rs 0.60 crore for the quarter ended December 31, 2023 as compared to Rs 0.34 crore in the same period last year, registering a year-on-year growth of 76.47 per cent.

Net revenue of the company rose two fold by 276.28 per cent at Rs 19.83 crore in October-December quarter of this fiscal as against Rs 5.27 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 247.09 per cent to Rs 17.32 crore from Rs 4.99 crore in year ago period.

Other Income dipped by 42.32 per cent at Rs 2.93 crore versus (Dec'22 Rs 5.08 crore).

Operating Profit surged by 796.43 per cent to Rs 2.51 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 138.42 per cent in December quarter.

Interest declined by 6.15 per cent y-o-y to Rs 4.58 crore, while Taxation increased by 109.09 per cent at Rs 0.23 crore (Dec'22 Rs 0.11 crore).