The company reported standalone net profit of Rs 0.34 crore for the quarter ended March 31, 2024 as compared to Rs 0.09 crore in the same period last year, registering a year-on-year growth of 277.78 per cent.

Net revenue of the company rose moderately by 7.98 per cent at Rs 45.32 crore in January-March quarter of this fiscal as against Rs 41.97 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 2.02 per cent to Rs 43.02 crore from Rs 42.17 crore in year ago period.

Other Income dipped by 293.18 per cent at Rs -1.70 crore versus (Mar'23 Rs 0.88 crore).

Operating Profit surged by 1195.24 per cent to Rs 2.30 crore as against Rs -0.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1116.00 per cent in March quarter.

Interest declined by 77.08 per cent y-o-y to Rs 0.11 crore, while Taxation increased by 33.33 per cent at Rs 0.12 crore (Mar'23 Rs 0.09 crore).