The company reported standalone net profit of Rs 7.26 crore for the quarter ended March 31, 2024 as compared to Rs 3.35 crore in the same period last year, registering a year-on-year growth of 116.72 per cent.

Net revenue of the company rose moderately by 13.88 per cent at Rs 117.92 crore in January-March quarter of this fiscal as against Rs 103.55 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 14.73 per cent to Rs 98.59 crore from Rs 85.93 crore in year ago period.

Other Income dipped by 80.77 per cent at Rs 0.55 crore versus (Mar'23 Rs 2.86 crore).

Operating Profit surged by 9.76 per cent to Rs 19.34 crore as against Rs 17.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.64 per cent in March quarter.

Interest grew by 55.19 per cent y-o-y to Rs 5.68 crore, while Taxation decreased by 257.83 per cent at Rs -5.24 crore (Mar'23 Rs 3.32 crore).