The company reported standalone net profit of Rs 2.18 crore for the quarter ended December 31, 2024 as compared to Rs 1.03 crore in the same period last year, registering a year-on-year growth of 111.65 per cent.

Net revenue of the company rose substantially by 87.19 per cent at Rs 66.92 crore in October-December quarter of this fiscal as against Rs 35.75 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 91.11 per cent to Rs 60.83 crore from Rs 31.83 crore in year ago period.

Other Income grew by 54.55 per cent at Rs 0.17 crore versus (Dec'23 Rs 0.11 crore).

Operating Profit surged by 55.22 per cent to Rs 6.10 crore as against Rs 3.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.03 per cent in December quarter.

Interest grew by 32.61 per cent y-o-y to Rs 1.83 crore, while Taxation increased by 78.00 per cent at Rs 0.89 crore (Dec'23 Rs 0.50 crore).