The company reported standalone net profit of Rs 33.48 crore for the quarter ended December 31, 2023 as compared to Rs 21.61 crore in the same period last year, registering a year-on-year growth of 54.93 per cent.

Net revenue of the company rose substantially by 35.36 per cent at Rs 145.43 crore in October-December quarter of this fiscal as against Rs 107.44 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 25.53 per cent to Rs 91.91 crore from Rs 73.22 crore in year ago period.

Other Income dipped by 18.67 per cent at Rs 1.83 crore versus (Dec'22 Rs 2.25 crore).

Operating Profit surged by 56.40 per cent to Rs 53.52 crore as against Rs 34.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.54 per cent in December quarter.

Interest grew by 94.62 per cent y-o-y to Rs 4.34 crore, while Taxation increased by 90.32 per cent at Rs 10.81 crore (Dec'22 Rs 5.68 crore).