The company reported standalone net profit of Rs 5.55 crore for the quarter ended March 31, 2024 as compared to Rs 2.44 crore in the same period last year, registering a year-on-year growth of 127.46 per cent.

Net revenue of the company rose substantially by 24.97 per cent at Rs 33.43 crore in January-March quarter of this fiscal as against Rs 26.75 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 12.32 per cent to Rs 25.44 crore from Rs 22.65 crore in year ago period.

Other Income grew by 18.03 per cent at Rs 0.72 crore versus (Mar'23 Rs 0.61 crore).

Operating Profit surged by 94.88 per cent to Rs 7.99 crore as against Rs 4.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 55.90 per cent in March quarter.

Interest declined by 6.25 per cent y-o-y to Rs 0.15 crore, while Taxation increased by 95.56 per cent at Rs 1.76 crore (Mar'23 Rs 0.90 crore).