The company reported standalone net profit of Rs 2.99 crore for the quarter ended March 31, 2022 as compared to Rs 2.49 crore in the same period last year, registering a year-on-year growth of 20.08 per cent.
Net revenue of the company rose moderately by 15.48 per cent at Rs 22.46 crore in January-March quarter of this fiscal as against Rs 19.45 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 29.45 per cent to Rs 19.56 crore from Rs 15.11 crore in year ago period.
Other Income grew by 750.00 per cent at Rs 1.53 crore versus (Mar'21 Rs 0.18 crore).
Operating Profit slipped by 33.41 per cent to Rs 2.89 crore as against Rs 4.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 42.22 per cent in March quarter.
Interest declined by 80.00 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 62.86 per cent at Rs 0.26 crore (Mar'21 Rs 0.70 crore).