The company reported standalone net profit of Rs 18.16 crore for the quarter ended March 31, 2021 as compared to Rs 13.90 crore in the same period last year, registering a year-on-year growth of 30.65 per cent.
Net revenue of the company rose substantially by 27.37 per cent at Rs 128.50 crore in January-March quarter of this fiscal as against Rs 100.89 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 26.31 per cent to Rs 97.75 crore from Rs 77.39 crore in year ago period.
Other Income grew by 63.89 per cent at Rs 1.77 crore versus (Mar'20 Rs 1.08 crore).
Operating Profit surged by 30.85 per cent to Rs 30.75 crore as against Rs 23.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.70 per cent in March quarter.
Interest declined by 67.86 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 90.64 per cent at Rs 7.13 crore (Mar'20 Rs 3.74 crore).