The company reported standalone net profit of Rs 2.48 crore for the quarter ended September 30, 2023 as compared to Rs 1.61 crore in the same period last year, registering a year-on-year growth of 54.04 per cent.

Net revenue of the company rose substantially by 85.25 per cent at Rs 40.68 crore in July-September quarter of this fiscal as against Rs 21.96 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 88.83 per cent to Rs 36.67 crore from Rs 19.42 crore in year ago period.

Other Income dipped by 75.00 per cent at Rs 0.16 crore versus (Sep'22 Rs 0.64 crore).

Operating Profit surged by 57.48 per cent to Rs 4.00 crore as against Rs 2.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.95 per cent in September quarter.

Interest declined by 2.22 per cent y-o-y to Rs 0.44 crore