The company reported standalone net profit of Rs 7.16 crore for the quarter ended March 31, 2022 as compared to Rs 2.15 crore in the same period last year, registering a year-on-year growth of 233.02 per cent.
Net revenue of the company rose substantially by 40.87 per cent at Rs 20.30 crore in January-March quarter of this fiscal as against Rs 14.41 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 6.36 per cent to Rs 10.74 crore from Rs 11.47 crore in year ago period.
Other Income grew by 61.76 per cent at Rs 0.55 crore versus (Mar'21 Rs 0.34 crore).
Operating Profit surged by 226.28 per cent to Rs 9.56 crore as against Rs 2.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 131.12 per cent in March quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.02 crore, while Taxation increased by 298.44 per cent at Rs 2.55 crore (Mar'21 Rs 0.64 crore).