The company reported standalone net profit of Rs 11.55 crore for the quarter ended December 31, 2023 as compared to Rs 2.79 crore in the same period last year, registering a year-on-year growth of 313.98 per cent.

Net revenue of the company declined moderately by 10.31 per cent at Rs 79.09 crore in October-December quarter of this fiscal as against Rs 88.18 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 19.26 per cent to Rs 66.14 crore from Rs 81.92 crore in year ago period.

Other Income dipped by 40.00 per cent at Rs 0.15 crore versus (Dec'22 Rs 0.25 crore).

Operating Profit surged by 107.20 per cent to Rs 12.95 crore as against Rs 6.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 131.03 per cent in December quarter.

Interest declined by 47.24 per cent y-o-y to Rs 1.05 crore, while Taxation decreased by 97.39 per cent at Rs 0.03 crore (Dec'22 Rs 1.15 crore).