The company reported standalone net profit of Rs 2.52 crore for the quarter ended March 31, 2024 as compared to Rs 1.68 crore in the same period last year, registering a year-on-year growth of 50.00 per cent.
Net revenue of the company rose substantially by 32.94 per cent at Rs 13.48 crore in January-March quarter of this fiscal as against Rs 10.14 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 43.20 per cent to Rs 12.43 crore from Rs 8.68 crore in year ago period.
Other Income grew by 49.44 per cent at Rs 2.69 crore versus (Mar'23 Rs 1.80 crore).
Operating Profit slipped by 28.08 per cent to Rs 1.05 crore as against Rs 1.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.86 per cent in March quarter.
Interest declined by 47.37 per cent y-o-y to Rs 0.20 crore, while Taxation increased by 5.88 per cent at Rs 0.90 crore (Mar'23 Rs 0.85 crore).