The company reported standalone net profit of Rs 3.07 crore for the quarter ended March 31, 2024 as compared to Rs 2.26 crore in the same period last year, registering a year-on-year growth of 35.84 per cent.

Net revenue of the company rose substantially by 29.20 per cent at Rs 68.45 crore in January-March quarter of this fiscal as against Rs 52.98 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 29.85 per cent to Rs 62.94 crore from Rs 48.47 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Mar'23 Rs 0.04 crore).

Operating Profit surged by 21.90 per cent to Rs 5.51 crore as against Rs 4.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.52 per cent in March quarter.

Interest grew by 3.39 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 25.88 per cent at Rs 1.07 crore (Mar'23 Rs 0.85 crore).