The company reported standalone net profit of Rs 0.10 crore for the quarter ended March 31, 2024 as compared to Rs 8.81 crore in the same period last year, registering a year-on-year decline of 98.86 per cent.

Net revenue of the company rose substantially by 43.49 per cent at Rs 17.52 crore in January-March quarter of this fiscal as against Rs 12.21 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 41.42 per cent to Rs 16.15 crore from Rs 11.42 crore in year ago period.

Other Income grew by 1275.00 per cent at Rs 0.55 crore versus (Mar'23 Rs 0.04 crore).

Operating Profit surged by 73.42 per cent to Rs 1.37 crore as against Rs 0.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.40 per cent in March quarter.

Interest grew by 83.33 per cent y-o-y to Rs 1.54 crore