The company reported standalone net profit of Rs 0.81 crore for the quarter ended March 31, 2024 as compared to Rs 0.58 crore in the same period last year, registering a year-on-year growth of 39.66 per cent.

Net revenue of the company declined by 5.13 per cent at Rs 16.82 crore in January-March quarter of this fiscal as against Rs 17.73 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 6.00 per cent to Rs 16.30 crore from Rs 17.34 crore in year ago period.

Operating Profit surged by 28.21 per cent to Rs 0.50 crore as against Rs 0.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.68 per cent in March quarter.

Interest declined by 87.50 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 131.58 per cent at Rs 0.06 crore (Mar'23 Rs -0.19 crore).