The company reported standalone net profit of Rs 18.72 crore for the quarter ended September 30, 2023 as compared to Rs 22.57 crore in the same period last year, registering a year-on-year decline of 17.06 per cent.

Net revenue of the company rose substantially by 43.00 per cent at Rs 58.23 crore in July-September quarter of this fiscal as against Rs 40.72 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 204.18 per cent to Rs 21.11 crore from Rs 6.94 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 2.80 crore versus (Sep'22 Rs 0.00 crore).

Operating Profit surged by 9.89 per cent to Rs 37.12 crore as against Rs 33.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.16 per cent in September quarter.

Interest declined by 77.93 per cent y-o-y to Rs 0.64 crore, while Taxation increased by 147.81 per cent at Rs 20.37 crore (Sep'22 Rs 8.22 crore).