The company reported standalone net profit of Rs 5.59 crore for the quarter ended March 31, 2024 as compared to Rs 4.70 crore in the same period last year, registering a year-on-year growth of 18.94 per cent.

Net revenue of the company rose by 0.45 per cent at Rs 158.55 crore in January-March quarter of this fiscal as against Rs 157.84 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 0.42 per cent to Rs 143.33 crore from Rs 143.94 crore in year ago period.

Other Income dipped by 44.44 per cent at Rs 0.05 crore versus (Mar'23 Rs 0.09 crore).

Operating Profit surged by 9.35 per cent to Rs 15.21 crore as against Rs 13.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.97 per cent in March quarter.

Interest declined by 12.79 per cent y-o-y to Rs 3.41 crore, while Taxation increased by 44.52 per cent at Rs 2.11 crore (Mar'23 Rs 1.46 crore).