The company reported standalone net profit during the quarter stood at Rs 3.38 crore compared to net loss of Rs 12.91 crore in the previous year quarter.

Net revenue of the company rose substantially by 42.55 per cent at Rs 5.36 crore in January-March quarter of this fiscal as against Rs 3.76 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 81.72 per cent to Rs 4.03 crore from Rs 22.05 crore in year ago period.

Other Income grew by 75.00 per cent at Rs 2.38 crore versus (Mar'21 Rs 1.36 crore).

Operating Profit surged by 107.27 per cent to Rs 1.33 crore as against Rs -18.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 105.10 per cent in March quarter.

Interest declined by 14.29 per cent y-o-y to Rs 0.12 crore, while Taxation increased by 103.76 per cent at Rs 0.16 crore (Mar'21 Rs -4.25 crore).