The company reported standalone net profit of Rs 3.95 crore for the quarter ended March 31, 2024 as compared to Rs 0.94 crore in the same period last year, registering a year-on-year growth of 320.21 per cent.

Net revenue of the company rose substantially by 33.13 per cent at Rs 25.72 crore in January-March quarter of this fiscal as against Rs 19.32 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 19.76 per cent to Rs 20.12 crore from Rs 16.80 crore in year ago period.

Other Income grew by 146.84 per cent at Rs 0.37 crore versus (Mar'23 Rs -0.79 crore).

Operating Profit surged by 122.22 per cent to Rs 5.60 crore as against Rs 2.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 66.74 per cent in March quarter.

Interest grew by 92.86 per cent y-o-y to Rs 0.27 crore, while Taxation increased by 253.85 per cent at Rs 1.38 crore (Mar'23 Rs 0.39 crore).