The company reported standalone net profit of Rs 0.76 crore for the quarter ended December 31, 2023 as compared to Rs 1.84 crore in the same period last year, registering a year-on-year decline of 58.70 per cent.

Net revenue of the company rose substantially by 40.27 per cent at Rs 55.49 crore in October-December quarter of this fiscal as against Rs 39.56 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 49.26 per cent to Rs 53.15 crore from Rs 35.61 crore in year ago period.

Operating Profit slipped by 40.61 per cent to Rs 2.34 crore as against Rs 3.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.67 per cent in December quarter.

Interest declined by 32.31 per cent y-o-y to Rs 1.32 crore