The company reported standalone net profit of Rs 0.54 crore for the quarter ended June 30, 2023 as compared to Rs 0.07 crore in the same period last year, registering a year-on-year growth of 671.43 per cent.

Net revenue of the company rose substantially by 36.00 per cent at Rs 45.45 crore in April-June quarter of this fiscal as against Rs 33.42 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 33.00 per cent to Rs 42.56 crore from Rs 32.00 crore in year ago period.

Other Income dipped by 50.00 per cent at Rs 0.11 crore versus (Jun'22 Rs 0.22 crore).

Operating Profit surged by 103.52 per cent to Rs 2.89 crore as against Rs 1.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 49.76 per cent in June quarter.

Interest grew by 14.81 per cent y-o-y to Rs 1.24 crore, while Taxation increased by 580.00 per cent at Rs 0.68 crore (Jun'22 Rs 0.10 crore).