The company reported standalone net profit of Rs 10.91 crore for the quarter ended March 31, 2024 as compared to Rs 7.73 crore in the same period last year, registering a year-on-year growth of 41.14 per cent.

Net revenue of the company rose substantially by 24.68 per cent at Rs 168.44 crore in January-March quarter of this fiscal as against Rs 135.10 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 23.65 per cent to Rs 158.50 crore from Rs 128.18 crore in year ago period.

Other Income grew by 148.76 per cent at Rs 5.00 crore versus (Mar'23 Rs 2.01 crore).

Operating Profit surged by 18.89 per cent to Rs 10.89 crore as against Rs 9.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.57 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore, while Taxation increased by 55.11 per cent at Rs 3.49 crore (Mar'23 Rs 2.25 crore).