The company reported standalone net profit during the quarter stood at Rs 8.63 crore compared to net loss of Rs 3.08 crore in the previous year quarter.

Net revenue of the company rose three fold by 2604.82 per cent at Rs 20.79 crore in January-March quarter of this fiscal as against Rs -0.83 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 339.30 per cent to Rs 10.06 crore from Rs 2.29 crore in year ago period.

Other Income grew by 1600.00 per cent at Rs 0.17 crore versus (Mar'23 Rs 0.01 crore).

Operating Profit surged by 467.47 per cent to Rs 10.73 crore as against Rs -2.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 85.43 per cent in March quarter.

Interest declined by 25.00 per cent y-o-y to Rs 0.57 crore, while Taxation increased by 375.41 per cent at Rs 1.68 crore (Mar'23 Rs -0.61 crore).