The company reported standalone net profit during the quarter stood at Rs 5.67 crore compared to net loss of Rs 0.45 crore in the previous year quarter.

Net revenue of the company rose substantially by 96.43 per cent at Rs 32.43 crore in January-March quarter of this fiscal as against Rs 16.51 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 28.24 per cent to Rs 21.39 crore from Rs 16.68 crore in year ago period.

Other Income dipped by 67.42 per cent at Rs 0.29 crore versus (Mar'23 Rs 0.89 crore).

Operating Profit surged by 4700.00 per cent to Rs 11.04 crore as against Rs 0.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2314.89 per cent in March quarter.

Interest grew by 85.88 per cent y-o-y to Rs 1.58 crore, while Taxation increased by 1700.00 per cent at Rs 3.04 crore (Mar'23 Rs -0.19 crore).