The company reported standalone net profit of Rs 3.26 crore for the quarter ended December 31, 2022 as compared to Rs 1.86 crore in the same period last year, registering a year-on-year growth of 75.27 per cent.
Net revenue of the company declined substantially by 43.11 per cent at Rs 40.18 crore in October-December quarter of this fiscal as against Rs 70.63 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 47.21 per cent to Rs 36.01 crore from Rs 68.21 crore in year ago period.
Other Income dipped by 16.05 per cent at Rs 0.68 crore versus (Dec'21 Rs 0.81 crore).
Operating Profit surged by 73.03 per cent to Rs 4.17 crore as against Rs 2.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 203.22 per cent in December quarter.
Interest declined by 10.53 per cent y-o-y to Rs 0.17 crore, while Taxation increased by 26.80 per cent at Rs 1.23 crore (Dec'21 Rs 0.97 crore).