The company reported standalone net profit during the quarter stood at Rs 2.65 crore compared to net loss of Rs 1.16 crore in the previous year quarter.

Net revenue of the company rose moderately by 17.78 per cent at Rs 84.20 crore in April-June quarter of this fiscal as against Rs 71.49 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 18.07 per cent to Rs 77.61 crore from Rs 65.73 crore in year ago period.

Other Income grew by 98.45 per cent at Rs 7.68 crore versus (Jun'23 Rs 3.87 crore).

Operating Profit surged by 14.41 per cent to Rs 6.59 crore as against Rs 5.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.98 per cent in June quarter.

Interest declined by 2.44 per cent y-o-y to Rs 5.19 crore, while Taxation increased by 2620.00 per cent at Rs 1.26 crore (Jun'23 Rs -0.05 crore).