The company reported standalone net profit of Rs 33.32 crore for the quarter ended December 31, 2023 as compared to Rs 8.40 crore in the same period last year, registering a year-on-year growth of 296.67 per cent.

Net revenue of the company rose two fold by 226.92 per cent at Rs 40.08 crore in October-December quarter of this fiscal as against Rs 12.26 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 42.86 per cent to Rs 0.90 crore from Rs 0.63 crore in year ago period.

Operating Profit surged by 236.80 per cent to Rs 39.17 crore as against Rs 11.63 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3.04 per cent in December quarter.

Interest grew by 4.00 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 87.58 per cent at Rs 5.59 crore (Dec'22 Rs 2.98 crore).