The company reported standalone net profit of Rs 0.64 crore for the quarter ended December 31, 2023 as compared to Rs 0.33 crore in the same period last year, registering a year-on-year growth of 93.94 per cent.

Net revenue of the company rose triple digit by 105.30 per cent at Rs 48.39 crore in October-December quarter of this fiscal as against Rs 23.57 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 113.97 per cent to Rs 45.17 crore from Rs 21.11 crore in year ago period.

Other Income dipped by 25.00 per cent at Rs 0.09 crore versus (Dec'22 Rs 0.12 crore).

Operating Profit surged by 31.30 per cent to Rs 3.23 crore as against Rs 2.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.17 per cent in December quarter.

Interest grew by 13.51 per cent y-o-y to Rs 1.68 crore, while Taxation increased by 73.08 per cent at Rs 0.45 crore (Dec'22 Rs 0.26 crore).