The company reported standalone net profit of Rs 5.69 crore for the quarter ended September 30, 2023 as compared to Rs 4.35 crore in the same period last year, registering a year-on-year growth of 30.80 per cent.

Net revenue of the company rose moderately by 10.29 per cent at Rs 95.74 crore in July-September quarter of this fiscal as against Rs 86.81 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 10.25 per cent to Rs 84.97 crore from Rs 77.07 crore in year ago period.

Other Income dipped by 12.50 per cent at Rs 0.21 crore versus (Sep'22 Rs 0.24 crore).

Operating Profit surged by 10.68 per cent to Rs 10.78 crore as against Rs 9.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.27 per cent in September quarter.

Interest declined by 29.94 per cent y-o-y to Rs 1.24 crore, while Taxation increased by 23.68 per cent at Rs 1.88 crore (Sep'22 Rs 1.52 crore).