The company reported standalone net profit of Rs 5.84 crore for the quarter ended March 31, 2024 as compared to Rs 3.14 crore in the same period last year, registering a year-on-year growth of 85.99 per cent.

Net revenue of the company rose substantially by 46.20 per cent at Rs 23.10 crore in January-March quarter of this fiscal as against Rs 15.80 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 29.42 per cent to Rs 16.85 crore from Rs 13.02 crore in year ago period.

Other Income grew by 11.39 per cent at Rs 1.76 crore versus (Mar'23 Rs 1.58 crore).

Operating Profit surged by 124.46 per cent to Rs 6.24 crore as against Rs 2.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 53.75 per cent in March quarter.

Interest declined by 20.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 115.12 per cent at Rs 1.85 crore (Mar'23 Rs 0.86 crore).