The company reported standalone net profit of Rs 8.47 crore for the quarter ended December 31, 2023 as compared to Rs 5.67 crore in the same period last year, registering a year-on-year growth of 49.38 per cent.

Net revenue of the company rose moderately by 9.75 per cent at Rs 143.67 crore in October-December quarter of this fiscal as against Rs 130.91 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 7.40 per cent to Rs 126.79 crore from Rs 118.05 crore in year ago period.

Other Income dipped by 72.62 per cent at Rs 0.72 crore versus (Dec'22 Rs 2.63 crore).

Operating Profit surged by 31.16 per cent to Rs 16.88 crore as against Rs 12.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.53 per cent in December quarter.

Interest declined by 41.73 per cent y-o-y to Rs 3.70 crore, while Taxation increased by 138.82 per cent at Rs 3.63 crore (Dec'22 Rs 1.52 crore).