The company reported standalone net profit of Rs 8.91 crore for the quarter ended December 31, 2022 as compared to Rs 8.57 crore in the same period last year, registering a year-on-year growth of 3.97 per cent.
Net revenue of the company declined marginally by 1.55 per cent at Rs 95.24 crore in October-December quarter of this fiscal as against Rs 96.74 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 2.31 per cent to Rs 81.98 crore from Rs 83.92 crore in year ago period.
Other Income grew by 22.05 per cent at Rs 1.55 crore versus (Dec'21 Rs 1.27 crore).
Operating Profit surged by 3.43 per cent to Rs 13.26 crore as against Rs 12.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.06 per cent in December quarter.
Interest declined by 26.80 per cent y-o-y to Rs 0.71 crore, while Taxation decreased by 6.16 per cent at Rs 2.74 crore (Dec'21 Rs 2.92 crore).