The company reported standalone net profit during the quarter stood at Rs 0.42 crore compared to net loss of Rs 1.33 crore in the previous year quarter.

Net revenue of the company rose substantially by 91.63 per cent at Rs 4.12 crore in January-March quarter of this fiscal as against Rs 2.15 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 65.22 per cent to Rs 0.96 crore from Rs 2.76 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Mar'23 Rs 0.00 crore).

Operating Profit surged by 618.03 per cent to Rs 3.16 crore as against Rs -0.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 369.23 per cent in March quarter.

Interest grew by 136.08 per cent y-o-y to Rs 2.29 crore, while Taxation increased by 217.86 per cent at Rs 0.33 crore (Mar'23 Rs -0.28 crore).