The company reported standalone net profit of Rs 1.86 crore for the quarter ended March 31, 2024 as compared to Rs 0.78 crore in the same period last year, registering a year-on-year growth of 138.46 per cent.

Net revenue of the company rose triple digit by 191.11 per cent at Rs 14.41 crore in January-March quarter of this fiscal as against Rs 4.95 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 233.85 per cent to Rs 10.85 crore from Rs 3.25 crore in year ago period.

Operating Profit surged by 108.82 per cent to Rs 3.55 crore as against Rs 1.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.31 per cent in March quarter.

Interest grew by 318.18 per cent y-o-y to Rs 0.92 crore, while Taxation increased by 57.69 per cent at Rs 0.41 crore (Mar'23 Rs 0.26 crore).