The company reported standalone net profit of Rs 3.79 crore for the quarter ended December 31, 2023 as compared to Rs 0.12 crore in the same period last year, registering a year-on-year growth of 3058.33 per cent.

Net revenue of the company rose three fold by 420.34 per cent at Rs 6.14 crore in October-December quarter of this fiscal as against Rs 1.18 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 0.00 per cent to Rs 0.31 crore from Rs 0.31 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 570.11 per cent to Rs 5.83 crore as against Rs 0.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 28.70 per cent in December quarter.

Interest grew by 11.43 per cent y-o-y to Rs 0.78 crore, while Taxation increased by 2016.67 per cent at Rs 1.27 crore (Dec'22 Rs 0.06 crore).