The company reported standalone net profit during the quarter stood at Rs 8.05 crore compared to net loss of Rs 3.34 crore in the previous year quarter.

Net revenue of the company rose substantially by 97.59 per cent at Rs 25.43 crore in January-March quarter of this fiscal as against Rs 12.87 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 68.21 per cent to Rs 14.55 crore from Rs 8.65 crore in year ago period.

Other Income dipped by 78.19 per cent at Rs 0.53 crore versus (Mar'20 Rs 2.43 crore).

Operating Profit surged by 158.43 per cent to Rs 10.88 crore as against Rs 4.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 30.59 per cent in March quarter.

Interest declined by 66.67 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 158.41 per cent at Rs 2.92 crore (Mar'20 Rs 1.13 crore).