The company reported standalone net profit of Rs 8.06 crore for the quarter ended December 31, 2024 as compared to Rs 1.60 crore in the same period last year, registering a year-on-year growth of 403.75 per cent.

Net revenue of the company rose substantially by 96.83 per cent at Rs 59.68 crore in October-December quarter of this fiscal as against Rs 30.32 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 136.43 per cent to Rs 53.22 crore from Rs 22.51 crore in year ago period.

Other Income grew by 942.65 per cent at Rs 7.09 crore versus (Dec'23 Rs 0.68 crore).

Operating Profit slipped by 17.16 per cent to Rs 6.47 crore as against Rs 7.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.90 per cent in December quarter.

Interest declined by 4.32 per cent y-o-y to Rs 1.77 crore, while Taxation decreased by 246.30 per cent at Rs -0.79 crore (Dec'23 Rs 0.54 crore).