The company reported standalone net profit of Rs 22.80 crore for the quarter ended September 30, 2023 as compared to Rs 22.85 crore in the same period last year, registering a year-on-year decline of 0.22 per cent.

Net revenue of the company declined moderately by 7.41 per cent at Rs 66.31 crore in July-September quarter of this fiscal as against Rs 71.62 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 0.96 per cent to Rs 48.43 crore from Rs 47.97 crore in year ago period.

Other Income grew by 916.67 per cent at Rs 6.71 crore versus (Sep'22 Rs 0.66 crore).

Operating Profit slipped by 24.44 per cent to Rs 17.87 crore as against Rs 23.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.41 per cent in September quarter.

Interest grew by 35.94 per cent y-o-y to Rs 0.87 crore