The company reported standalone net profit of Rs 2.14 crore for the quarter ended March 31, 2022 as compared to Rs 0.98 crore in the same period last year, registering a year-on-year growth of 118.37 per cent.

Net revenue of the company declined moderately by 9.97 per cent at Rs 64.95 crore in January-March quarter of this fiscal as against Rs 72.14 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 10.38 per cent to Rs 61.88 crore from Rs 69.05 crore in year ago period.

Other Income grew by 14.29 per cent at Rs 0.88 crore versus (Mar'21 Rs 0.77 crore).

Operating Profit slipped by 0.97 per cent to Rs 3.06 crore as against Rs 3.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.05 per cent in March quarter.

Interest declined by 37.44 per cent y-o-y to Rs 1.22 crore, while Taxation decreased by 144.12 per cent at Rs -0.15 crore (Mar'21 Rs 0.34 crore).