The company reported standalone net profit during the quarter stood at Rs 0.34 crore compared to net loss of Rs 0.79 crore in the previous year quarter.

Net revenue of the company rose substantially by 31.91 per cent at Rs 14.84 crore in January-March quarter of this fiscal as against Rs 11.25 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 21.00 per cent to Rs 14.00 crore from Rs 11.57 crore in year ago period.

Other Income grew by 93.33 per cent at Rs 0.29 crore versus (Mar'23 Rs 0.15 crore).

Operating Profit surged by 362.50 per cent to Rs 0.84 crore as against Rs -0.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 300.00 per cent in March quarter.

Interest declined by 19.05 per cent y-o-y to Rs 0.17 crore, while Taxation increased by 142.42 per cent at Rs 0.14 crore (Mar'23 Rs -0.33 crore).