The company reported standalone net profit of Rs 2.38 crore for the quarter ended March 31, 2024 as compared to Rs 0.71 crore in the same period last year, registering a year-on-year growth of 235.21 per cent.

Net revenue of the company rose moderately by 17.03 per cent at Rs 12.78 crore in January-March quarter of this fiscal as against Rs 10.92 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 12.01 per cent to Rs 8.58 crore from Rs 7.66 crore in year ago period.

Other Income dipped by 43.75 per cent at Rs 0.09 crore versus (Mar'23 Rs 0.16 crore).

Operating Profit surged by 28.83 per cent to Rs 4.20 crore as against Rs 3.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.11 per cent in March quarter.

Interest declined by 0.78 per cent y-o-y to Rs 1.27 crore, while Taxation decreased by 862.50 per cent at Rs -0.61 crore (Mar'23 Rs 0.08 crore).