The company reported standalone net profit of Rs 7.62 crore for the quarter ended March 31, 2024 as compared to Rs 3.37 crore in the same period last year, registering a year-on-year growth of 126.11 per cent.

Net revenue of the company rose moderately by 10.65 per cent at Rs 232.48 crore in January-March quarter of this fiscal as against Rs 210.11 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 8.29 per cent to Rs 216.61 crore from Rs 200.02 crore in year ago period.

Other Income dipped by 37.84 per cent at Rs 0.46 crore versus (Mar'23 Rs 0.74 crore).

Operating Profit surged by 57.19 per cent to Rs 15.86 crore as against Rs 10.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 42.08 per cent in March quarter.

Interest grew by 8.70 per cent y-o-y to Rs 4.25 crore