The company reported standalone net profit of Rs 1.70 crore for the quarter ended December 31, 2023 as compared to Rs 0.53 crore in the same period last year, registering a year-on-year growth of 220.75 per cent.

Net revenue of the company rose substantially by 22.52 per cent at Rs 65.40 crore in October-December quarter of this fiscal as against Rs 53.38 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 20.58 per cent to Rs 63.33 crore from Rs 52.52 crore in year ago period.

Other Income grew by 33.33 per cent at Rs 0.08 crore versus (Dec'22 Rs 0.06 crore).

Operating Profit surged by 140.70 per cent to Rs 2.07 crore as against Rs 0.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 96.27 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.04 crore