The company reported standalone net profit of Rs 19.59 crore for the quarter ended September 30, 2023 as compared to Rs 12.32 crore in the same period last year, registering a year-on-year growth of 59.01 per cent.

Net revenue of the company rose substantially by 42.49 per cent at Rs 129.74 crore in July-September quarter of this fiscal as against Rs 91.05 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 33.24 per cent to Rs 105.67 crore from Rs 79.31 crore in year ago period.

Other Income dipped by 35.62 per cent at Rs 3.47 crore versus (Sep'22 Rs 5.39 crore).

Operating Profit surged by 105.03 per cent to Rs 24.07 crore as against Rs 11.74 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 43.80 per cent in September quarter.

Interest grew by 29.41 per cent y-o-y to Rs 0.22 crore, while Taxation increased by 101.03 per cent at Rs 5.87 crore (Sep'22 Rs 2.92 crore).