The company reported standalone net profit of Rs 6.25 crore for the quarter ended March 31, 2024 as compared to Rs 4.64 crore in the same period last year, registering a year-on-year growth of 34.70 per cent.

Net revenue of the company declined substantially by 26.25 per cent at Rs 52.68 crore in January-March quarter of this fiscal as against Rs 71.43 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 32.69 per cent to Rs 43.71 crore from Rs 64.94 crore in year ago period.

Other Income grew by 19.30 per cent at Rs 0.68 crore versus (Mar'23 Rs 0.57 crore).

Operating Profit surged by 38.06 per cent to Rs 8.96 crore as against Rs 6.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 87.13 per cent in March quarter.

Interest grew by 85.71 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 60.87 per cent at Rs 2.22 crore (Mar'23 Rs 1.38 crore).