The company reported standalone net profit of Rs 14.01 crore for the quarter ended September 30, 2023 as compared to Rs 10.16 crore in the same period last year, registering a year-on-year growth of 37.89 per cent.

Net revenue of the company rose moderately by 11.79 per cent at Rs 323.41 crore in July-September quarter of this fiscal as against Rs 289.29 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 9.57 per cent to Rs 293.51 crore from Rs 267.87 crore in year ago period.

Other Income dipped by 70.31 per cent at Rs 2.31 crore versus (Sep'22 Rs 7.78 crore).

Operating Profit surged by 39.59 per cent to Rs 29.90 crore as against Rs 21.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 24.83 per cent in September quarter.

Interest declined by 8.68 per cent y-o-y to Rs 10.52 crore, while Taxation increased by 0.00 per cent at Rs 5.40 crore (Sep'22 Rs 5.40 crore).