The company reported standalone net profit of Rs 10.06 crore for the quarter ended March 31, 2024 as compared to Rs 8.96 crore in the same period last year, registering a year-on-year growth of 12.28 per cent.

Net revenue of the company rose substantially by 33.18 per cent at Rs 77.75 crore in January-March quarter of this fiscal as against Rs 58.38 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 40.05 per cent to Rs 63.29 crore from Rs 45.19 crore in year ago period.

Other Income grew by 4266.67 per cent at Rs 1.31 crore versus (Mar'23 Rs 0.03 crore).

Operating Profit slipped by 27.10 per cent to Rs 14.47 crore as against Rs 19.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.29 per cent in March quarter.

Interest declined by 97.10 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 7.11 per cent at Rs 3.92 crore (Mar'23 Rs 4.22 crore).