The company reported standalone net profit during the quarter stood at Rs 3.20 crore compared to net loss of Rs 0.87 crore in the previous year quarter.

Net revenue of the company rose three fold by 377.26 per cent at Rs 58.56 crore in January-March quarter of this fiscal as against Rs 12.27 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 323.39 per cent to Rs 53.94 crore from Rs 12.74 crore in year ago period.

Other Income grew by 25.68 per cent at Rs 0.93 crore versus (Mar'23 Rs 0.74 crore).

Operating Profit surged by 1064.58 per cent to Rs 4.63 crore as against Rs -0.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 302.56 per cent in March quarter.

Interest grew by 45.95 per cent y-o-y to Rs 1.62 crore, while Taxation increased by 220.00 per cent at Rs 0.06 crore (Mar'23 Rs -0.05 crore).