The company reported standalone net profit of Rs 13.24 crore for the quarter ended March 31, 2024 as compared to Rs 10.35 crore in the same period last year, registering a year-on-year growth of 27.92 per cent.

Net revenue of the company rose moderately by 7.17 per cent at Rs 126.99 crore in January-March quarter of this fiscal as against Rs 118.49 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.60 per cent to Rs 106.27 crore from Rs 102.58 crore in year ago period.

Other Income dipped by 10.33 per cent at Rs 1.65 crore versus (Mar'23 Rs 1.84 crore).

Operating Profit surged by 30.23 per cent to Rs 20.72 crore as against Rs 15.91 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.52 per cent in March quarter.

Interest grew by 180.00 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 30.06 per cent at Rs 4.50 crore (Mar'23 Rs 3.46 crore).