The company reported standalone net profit of Rs 2.85 crore for the quarter ended March 31, 2022 as compared to Rs 2.14 crore in the same period last year, registering a year-on-year growth of 33.18 per cent.

Net revenue of the company rose substantially by 73.20 per cent at Rs 44.98 crore in January-March quarter of this fiscal as against Rs 25.97 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 80.39 per cent to Rs 37.81 crore from Rs 20.96 crore in year ago period.

Other Income grew by 67.92 per cent at Rs 0.89 crore versus (Mar'21 Rs 0.53 crore).

Operating Profit surged by 43.11 per cent to Rs 7.17 crore as against Rs 5.01 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.37 per cent in March quarter.

Interest grew by 9.23 per cent y-o-y to Rs 0.71 crore, while Taxation increased by 521.05 per cent at Rs 1.18 crore (Mar'21 Rs 0.19 crore).