The company reported standalone net profit during the quarter stood at Rs 8.69 crore compared to net loss of Rs 2.16 crore in the previous year quarter.

Net revenue of the company rose two fold by 295.67 per cent at Rs 12.66 crore in January-March quarter of this fiscal as against Rs -6.47 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 44.19 per cent to Rs 0.62 crore from Rs 0.43 crore in year ago period.

Other Income dipped by 67.54 per cent at Rs 1.37 crore versus (Mar'23 Rs 4.22 crore).

Operating Profit surged by 274.49 per cent to Rs 12.04 crore as against Rs -6.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.79 per cent in March quarter.

Taxation increased by 905.17 per cent at Rs 4.67 crore (Mar'23 Rs -0.58 crore).