The company reported standalone net profit during the quarter stood at Rs 0.25 crore compared to net loss of Rs 0.81 crore in the previous year quarter.

Net revenue of the company rose substantially by 20.76 per cent at Rs 24.61 crore in January-March quarter of this fiscal as against Rs 20.38 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 16.49 per cent to Rs 23.66 crore from Rs 20.31 crore in year ago period.

Other Income grew by 250.00 per cent at Rs 0.07 crore versus (Mar'20 Rs 0.02 crore).

Operating Profit surged by 1257.14 per cent to Rs 0.95 crore as against Rs 0.07 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1069.70 per cent in March quarter.

Interest declined by 6.06 per cent y-o-y to Rs 0.31 crore, while Taxation decreased by 700.00 per cent at Rs -0.06 crore (Mar'20 Rs 0.01 crore).