The company reported standalone net profit of Rs 2.86 crore for the quarter ended December 31, 2022 as compared to Rs 0.95 crore in the same period last year, registering a year-on-year growth of 201.05 per cent.

Net revenue of the company rose substantially by 74.08 per cent at Rs 50.64 crore in October-December quarter of this fiscal as against Rs 29.09 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 84.16 per cent to Rs 45.23 crore from Rs 24.56 crore in year ago period.

Other Income grew by 302.50 per cent at Rs 1.61 crore versus (Dec'21 Rs 0.40 crore).

Operating Profit surged by 19.43 per cent to Rs 5.41 crore as against Rs 4.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.41 per cent in December quarter.

Interest grew by 51.72 per cent y-o-y to Rs 0.88 crore, while Taxation increased by 265.38 per cent at Rs 0.95 crore (Dec'21 Rs 0.26 crore).