The company reported standalone net profit of Rs 10.95 crore for the quarter ended December 31, 2023 as compared to Rs 5.42 crore in the same period last year, registering a year-on-year growth of 102.03 per cent.

Net revenue of the company rose two fold by 210.53 per cent at Rs 20.34 crore in October-December quarter of this fiscal as against Rs 6.55 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 963.51 per cent to Rs 7.87 crore from Rs 0.74 crore in year ago period.

Other Income grew by 14.29 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.14 crore).

Operating Profit surged by 114.63 per cent to Rs 12.47 crore as against Rs 5.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.94 per cent in December quarter.

Interest grew by 168.42 per cent y-o-y to Rs 0.51 crore, while Taxation increased by 234.29 per cent at Rs 1.17 crore (Dec'22 Rs 0.35 crore).