The company reported standalone net profit of Rs 17.78 crore for the quarter ended March 31, 2022 as compared to Rs 17.73 crore in the same period last year, registering a year-on-year growth of 0.28 per cent.

Net revenue of the company rose substantially by 20.26 per cent at Rs 58.22 crore in January-March quarter of this fiscal as against Rs 48.41 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 18.93 per cent to Rs 40.68 crore from Rs 50.18 crore in year ago period.

Other Income dipped by 73.30 per cent at Rs 7.08 crore versus (Mar'21 Rs 26.52 crore).

Operating Profit surged by 1090.96 per cent to Rs 17.54 crore as against Rs -1.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 923.22 per cent in March quarter.

Interest declined by 48.34 per cent y-o-y to Rs 2.34 crore