The company reported standalone net profit during the quarter stood at Rs 8.87 crore compared to net loss of Rs 4.40 crore in the previous year quarter.

Net revenue of the company rose substantially by 67.34 per cent at Rs 221.61 crore in January-March quarter of this fiscal as against Rs 132.43 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 54.04 per cent to Rs 198.69 crore from Rs 128.99 crore in year ago period.

Other Income grew by 406.20 per cent at Rs 6.53 crore versus (Mar'23 Rs 1.29 crore).

Operating Profit surged by 564.35 per cent to Rs 22.92 crore as against Rs 3.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 297.69 per cent in March quarter.

Interest grew by 47.24 per cent y-o-y to Rs 2.93 crore, while Taxation increased by 345.58 per cent at Rs 5.28 crore (Mar'23 Rs -2.15 crore).