The company reported standalone net profit of Rs 0.34 crore for the quarter ended December 31, 2023 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year growth of 88.89 per cent.

Net revenue of the company rose three fold by 480.56 per cent at Rs 2.09 crore in October-December quarter of this fiscal as against Rs 0.36 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 1950.00 per cent to Rs 1.64 crore from Rs 0.08 crore in year ago period.

Operating Profit surged by 60.71 per cent to Rs 0.45 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 72.04 per cent in December quarter.

Taxation increased by 25.00 per cent at Rs 0.10 crore (Dec'22 Rs 0.08 crore).