The company reported standalone net profit during the quarter stood at Rs 4.26 crore compared to net loss of Rs 4.96 crore in the previous year quarter.

Net revenue of the company rose substantially by 22.61 per cent at Rs 48.38 crore in January-March quarter of this fiscal as against Rs 39.46 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 34.52 per cent to Rs 42.67 crore from Rs 31.72 crore in year ago period.

Other Income grew by 345.29 per cent at Rs 8.34 crore versus (Mar'23 Rs -3.40 crore).

Operating Profit slipped by 26.10 per cent to Rs 5.72 crore as against Rs 7.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 39.76 per cent in March quarter.

Interest declined by 4.41 per cent y-o-y to Rs 3.47 crore, while Taxation decreased by 58.29 per cent at Rs 1.66 crore (Mar'23 Rs 3.98 crore).