The company reported standalone net profit of Rs 10.63 crore for the quarter ended March 31, 2023 as compared to Rs 7.85 crore in the same period last year, registering a year-on-year growth of 35.41 per cent.

Net revenue of the company rose substantially by 28.14 per cent at Rs 66.90 crore in January-March quarter of this fiscal as against Rs 52.21 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 20.47 per cent to Rs 51.78 crore from Rs 42.98 crore in year ago period.

Other Income dipped by 58.22 per cent at Rs 0.61 crore versus (Mar'22 Rs 1.46 crore).

Operating Profit surged by 63.81 per cent to Rs 15.12 crore as against Rs 9.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.88 per cent in March quarter.

Interest grew by 45.45 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 76.99 per cent at Rs 4.00 crore (Mar'22 Rs 2.26 crore).