The company reported standalone net profit of Rs 34.64 crore for the quarter ended December 31, 2022 as compared to Rs 32.49 crore in the same period last year, registering a year-on-year growth of 6.62 per cent.

Net revenue of the company rose moderately by 16.37 per cent at Rs 126.37 crore in October-December quarter of this fiscal as against Rs 108.59 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 25.96 per cent to Rs 80.29 crore from Rs 63.74 crore in year ago period.

Other Income grew by 103.66 per cent at Rs 8.35 crore versus (Dec'21 Rs 4.10 crore).

Operating Profit surged by 2.74 per cent to Rs 46.08 crore as against Rs 44.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.72 per cent in December quarter.

Interest grew by 32.16 per cent y-o-y to Rs 2.26 crore, while Taxation increased by 6.79 per cent at Rs 11.95 crore (Dec'21 Rs 11.19 crore).