The company reported standalone net profit of Rs 3.81 crore for the quarter ended March 31, 2024 as compared to Rs 3.50 crore in the same period last year, registering a year-on-year growth of 8.86 per cent.

Net revenue of the company rose substantially by 58.32 per cent at Rs 27.50 crore in January-March quarter of this fiscal as against Rs 17.37 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 70.81 per cent to Rs 21.42 crore from Rs 12.54 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.02 crore versus (Mar'23 Rs 0.02 crore).

Operating Profit surged by 25.88 per cent to Rs 6.08 crore as against Rs 4.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.47 per cent in March quarter.

Interest grew by 22.73 per cent y-o-y to Rs 0.54 crore, while Taxation increased by 202.50 per cent at Rs 1.21 crore (Mar'23 Rs 0.40 crore).