The company reported standalone net profit of Rs 11.09 crore for the quarter ended December 31, 2023 as compared to Rs 6.80 crore in the same period last year, registering a year-on-year growth of 63.09 per cent.
Net revenue of the company declined marginally by 4.48 per cent at Rs 56.55 crore in October-December quarter of this fiscal as against Rs 59.20 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 17.41 per cent to Rs 41.03 crore from Rs 49.68 crore in year ago period.
Other Income grew by 31.94 per cent at Rs 2.52 crore versus (Dec'22 Rs 1.91 crore).
Operating Profit surged by 63.03 per cent to Rs 15.52 crore as against Rs 9.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 70.71 per cent in December quarter.
Interest declined by 10.24 per cent y-o-y to Rs 1.14 crore, while Taxation increased by 189.34 per cent at Rs 3.53 crore (Dec'22 Rs 1.22 crore).