The company reported standalone net profit of Rs 4.28 crore for the quarter ended March 31, 2024 as compared to Rs 1.45 crore in the same period last year, registering a year-on-year growth of 195.17 per cent.

Net revenue of the company rose triple digit by 153.31 per cent at Rs 128.05 crore in January-March quarter of this fiscal as against Rs 50.55 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 156.56 per cent to Rs 117.84 crore from Rs 45.93 crore in year ago period.

Other Income dipped by 19.05 per cent at Rs 0.17 crore versus (Mar'23 Rs 0.21 crore).

Operating Profit surged by 121.00 per cent to Rs 10.21 crore as against Rs 4.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.69 per cent in March quarter.

Interest grew by 1600.00 per cent y-o-y to Rs 1.87 crore, while Taxation increased by 68.24 per cent at Rs 2.49 crore (Mar'23 Rs 1.48 crore).