The company reported standalone net profit during the quarter stood at Rs 10.75 crore compared to net loss of Rs 6.12 crore in the previous year quarter.

Net revenue of the company rose three fold by 486.96 per cent at Rs 53.12 crore in January-March quarter of this fiscal as against Rs 9.05 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 147.71 per cent to Rs 42.11 crore from Rs 17.00 crore in year ago period.

Other Income grew by 263.33 per cent at Rs 1.09 crore versus (Mar'23 Rs 0.30 crore).

Operating Profit surged by 238.49 per cent to Rs 11.01 crore as against Rs -7.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 123.59 per cent in March quarter.

Interest grew by 1161.54 per cent y-o-y to Rs 1.64 crore, while Taxation decreased by 74.86 per cent at Rs -0.45 crore (Mar'23 Rs -1.79 crore).