The company reported standalone net profit of Rs 3.35 crore for the quarter ended March 31, 2024 as compared to Rs 0.81 crore in the same period last year, registering a year-on-year growth of 313.58 per cent.

Net revenue of the company declined substantially by 94.78 per cent at Rs 1.64 crore in January-March quarter of this fiscal as against Rs 31.43 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 94.93 per cent to Rs 1.53 crore from Rs 30.19 crore in year ago period.

Other Income grew by 1551.61 per cent at Rs 5.12 crore versus (Mar'23 Rs 0.31 crore).

Operating Profit slipped by 91.06 per cent to Rs 0.11 crore as against Rs 1.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.32 per cent in March quarter.

Interest grew by 3.92 per cent y-o-y to Rs 0.53 crore, while Taxation increased by 1437.50 per cent at Rs 1.23 crore (Mar'23 Rs 0.08 crore).