The company reported standalone net profit of Rs 7.13 crore for the quarter ended March 31, 2024 as compared to Rs 3.72 crore in the same period last year, registering a year-on-year growth of 91.67 per cent.

Net revenue of the company rose substantially by 39.23 per cent at Rs 84.75 crore in January-March quarter of this fiscal as against Rs 60.87 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 33.09 per cent to Rs 71.11 crore from Rs 53.43 crore in year ago period.

Other Income dipped by 101.24 per cent at Rs -0.02 crore versus (Mar'23 Rs 1.61 crore).

Operating Profit surged by 83.33 per cent to Rs 13.64 crore as against Rs 7.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.67 per cent in March quarter.

Interest grew by 28.76 per cent y-o-y to Rs 1.97 crore, while Taxation increased by 83.46 per cent at Rs 2.44 crore (Mar'23 Rs 1.33 crore).