The company reported standalone net profit of Rs 5.61 crore for the quarter ended March 31, 2024 as compared to Rs 3.87 crore in the same period last year, registering a year-on-year growth of 44.96 per cent.
Net revenue of the company rose marginally by 2.58 per cent at Rs 59.35 crore in January-March quarter of this fiscal as against Rs 57.86 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 0.69 per cent to Rs 50.49 crore from Rs 50.84 crore in year ago period.
Other Income grew by 42.37 per cent at Rs 0.84 crore versus (Mar'23 Rs 0.59 crore).
Operating Profit surged by 26.21 per cent to Rs 8.86 crore as against Rs 7.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.90 per cent in March quarter.
Interest grew by 30.23 per cent y-o-y to Rs 0.56 crore, while Taxation increased by 2.08 per cent at Rs 2.45 crore (Mar'23 Rs 2.40 crore).