The company reported standalone net profit of Rs 8.13 crore for the quarter ended December 31, 2023 as compared to Rs 8.62 crore in the same period last year, registering a year-on-year decline of 5.68 per cent.

Net revenue of the company rose marginally by 4.17 per cent at Rs 174.40 crore in October-December quarter of this fiscal as against Rs 167.42 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 4.05 per cent to Rs 136.03 crore from Rs 141.77 crore in year ago period.

Other Income grew by 291.67 per cent at Rs 0.94 crore versus (Dec'22 Rs 0.24 crore).

Operating Profit surged by 49.69 per cent to Rs 38.38 crore as against Rs 25.64 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.60 per cent in December quarter.

Interest grew by 115.44 per cent y-o-y to Rs 25.81 crore, while Taxation increased by 2.76 per cent at Rs 2.98 crore (Dec'22 Rs 2.90 crore).