The company reported standalone net profit of Rs 10.53 crore for the quarter ended March 31, 2024 as compared to Rs 8.02 crore in the same period last year, registering a year-on-year growth of 31.30 per cent.
Net revenue of the company rose substantially by 69.54 per cent at Rs 471.00 crore in January-March quarter of this fiscal as against Rs 277.81 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 71.93 per cent to Rs 455.96 crore from Rs 265.20 crore in year ago period.
Other Income grew by 53.96 per cent at Rs 2.14 crore versus (Mar'23 Rs 1.39 crore).
Operating Profit surged by 19.27 per cent to Rs 15.04 crore as against Rs 12.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.74 per cent in March quarter.
Interest grew by 54.57 per cent y-o-y to Rs 5.41 crore, while Taxation decreased by 55.21 per cent at Rs 0.73 crore (Mar'23 Rs 1.63 crore).