The company reported standalone net profit during the quarter stood at Rs 2.73 crore compared to net loss of Rs 1.23 crore in the previous year quarter.

Net revenue of the company rose substantially by 25.92 per cent at Rs 106.35 crore in January-March quarter of this fiscal as against Rs 84.46 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 21.35 per cent to Rs 101.04 crore from Rs 83.26 crore in year ago period.

Other Income dipped by 56.00 per cent at Rs 0.11 crore versus (Mar'24 Rs 0.25 crore).

Operating Profit surged by 341.67 per cent to Rs 5.30 crore as against Rs 1.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 251.41 per cent in March quarter.

Interest declined by 26.39 per cent y-o-y to Rs 1.98 crore, while Taxation increased by 149.51 per cent at Rs 0.51 crore (Mar'24 Rs -1.03 crore).