The company reported standalone net profit of Rs 5.19 crore for the quarter ended March 31, 2024 as compared to Rs 0.90 crore in the same period last year, registering a year-on-year growth of 476.67 per cent.

Net revenue of the company rose moderately by 17.66 per cent at Rs 86.22 crore in January-March quarter of this fiscal as against Rs 73.28 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.70 per cent to Rs 78.47 crore from Rs 71.53 crore in year ago period.

Other Income grew by 130.16 per cent at Rs 1.45 crore versus (Mar'23 Rs 0.63 crore).

Operating Profit surged by 118.31 per cent to Rs 7.75 crore as against Rs 3.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 85.15 per cent in March quarter.

Interest declined by 11.46 per cent y-o-y to Rs 0.85 crore, while Taxation increased by 433.33 per cent at Rs 1.60 crore (Mar'23 Rs 0.30 crore).