The company reported standalone net profit of Rs 0.10 crore for the quarter ended December 31, 2023 as compared to Rs 0.07 crore in the same period last year, registering a year-on-year growth of 42.86 per cent.

Net revenue of the company rose substantially by 80.38 per cent at Rs 17.10 crore in October-December quarter of this fiscal as against Rs 9.48 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 82.49 per cent to Rs 16.68 crore from Rs 9.14 crore in year ago period.

Other Income dipped by 10.00 per cent at Rs 0.18 crore versus (Dec'22 Rs 0.20 crore).

Operating Profit surged by 23.53 per cent to Rs 0.42 crore as against Rs 0.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.39 per cent in December quarter.

Interest grew by 17.65 per cent y-o-y to Rs 0.40 crore, while Taxation decreased by 60.00 per cent at Rs 0.02 crore (Dec'22 Rs 0.05 crore).