The company reported standalone net profit of Rs 8.34 crore for the quarter ended March 31, 2024 as compared to Rs 3.46 crore in the same period last year, registering a year-on-year growth of 141.04 per cent.

Net revenue of the company rose moderately by 14.82 per cent at Rs 43.15 crore in January-March quarter of this fiscal as against Rs 37.58 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.32 per cent to Rs 33.30 crore from Rs 32.23 crore in year ago period.

Other Income grew by 105.07 per cent at Rs 2.83 crore versus (Mar'23 Rs 1.38 crore).

Operating Profit surged by 84.11 per cent to Rs 9.85 crore as against Rs 5.35 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 60.44 per cent in March quarter.

Interest declined by 37.50 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 96.45 per cent at Rs 2.77 crore (Mar'23 Rs 1.41 crore).