The company reported standalone net profit of Rs 8.49 crore for the quarter ended December 31, 2019 as compared to Rs 2.60 crore in the same period last year, registering a year-on-year growth of 226.54 per cent.
Net revenue of the company rose substantially by 71.36 per cent at Rs 25.07 crore in October-December quarter of this fiscal as against Rs 14.63 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 15.21 per cent to Rs 8.86 crore from Rs 7.69 crore in year ago period.
Operating Profit surged by 133.57 per cent to Rs 16.21 crore as against Rs 6.94 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.30 per cent in December quarter.
Interest declined by 6.62 per cent y-o-y to Rs 2.82 crore, while Taxation increased by 173.15 per cent at Rs 2.95 crore (Dec'18 Rs 1.08 crore).