The company reported standalone net profit of Rs 2.59 crore for the quarter ended March 31, 2024 as compared to Rs 2.17 crore in the same period last year, registering a year-on-year growth of 19.35 per cent.

Net revenue of the company rose substantially by 42.88 per cent at Rs 9.43 crore in January-March quarter of this fiscal as against Rs 6.60 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 51.53 per cent to Rs 2.97 crore from Rs 1.96 crore in year ago period.

Operating Profit surged by 39.22 per cent to Rs 6.46 crore as against Rs 4.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.60 per cent in March quarter.

Interest grew by 70.81 per cent y-o-y to Rs 2.75 crore, while Taxation increased by 24.66 per cent at Rs 0.91 crore (Mar'23 Rs 0.73 crore).