The company reported standalone net profit during the quarter stood at Rs 14.03 crore compared to net loss of Rs 6.55 crore in the previous year quarter.

Net revenue of the company rose substantially by 62.37 per cent at Rs 80.03 crore in January-March quarter of this fiscal as against Rs 49.29 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 7.25 per cent to Rs 70.00 crore from Rs 65.27 crore in year ago period.

Other Income dipped by 31.53 per cent at Rs 6.82 crore versus (Mar'23 Rs 9.96 crore).

Operating Profit surged by 162.77 per cent to Rs 10.03 crore as against Rs -15.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 138.65 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.13 crore, while Taxation decreased by 84.69 per cent at Rs -0.49 crore (Mar'23 Rs -3.20 crore).