The company reported standalone net profit of Rs 17.47 crore for the quarter ended December 31, 2023 as compared to Rs 6.02 crore in the same period last year, registering a year-on-year growth of 190.20 per cent.

Net revenue of the company rose two fold by 213.04 per cent at Rs 22.32 crore in October-December quarter of this fiscal as against Rs 7.13 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 4.76 per cent to Rs 0.40 crore from Rs 0.42 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 226.68 per cent to Rs 21.92 crore as against Rs 6.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.35 per cent in December quarter.

Taxation increased by 578.46 per cent at Rs 4.41 crore (Dec'22 Rs 0.65 crore).