The company reported standalone net profit of Rs 0.96 crore for the quarter ended March 31, 2024 as compared to Rs 0.61 crore in the same period last year, registering a year-on-year growth of 57.38 per cent.

Net revenue of the company rose substantially by 23.20 per cent at Rs 1.54 crore in January-March quarter of this fiscal as against Rs 1.25 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 4.00 per cent to Rs 0.52 crore from Rs 0.50 crore in year ago period.

Other Income grew by 300.00 per cent at Rs 0.24 crore versus (Mar'23 Rs 0.06 crore).

Operating Profit surged by 32.93 per cent to Rs 1.09 crore as against Rs 0.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.69 per cent in March quarter.

Interest grew by 433.33 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 15.79 per cent at Rs 0.16 crore (Mar'23 Rs 0.19 crore).