The company reported standalone net profit of Rs 5.58 crore for the quarter ended December 31, 2023 as compared to Rs 2.19 crore in the same period last year, registering a year-on-year growth of 154.79 per cent.

Net revenue of the company rose substantially by 41.63 per cent at Rs 23.95 crore in October-December quarter of this fiscal as against Rs 16.91 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 50.35 per cent to Rs 12.72 crore from Rs 8.46 crore in year ago period.

Other Income grew by 270.59 per cent at Rs 0.63 crore versus (Dec'22 Rs 0.17 crore).

Operating Profit surged by 32.90 per cent to Rs 11.23 crore as against Rs 8.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.18 per cent in December quarter.

Interest grew by 478.57 per cent y-o-y to Rs 0.81 crore, while Taxation increased by 148.65 per cent at Rs 1.84 crore (Dec'22 Rs 0.74 crore).