The company reported standalone net profit of Rs 9.20 crore for the quarter ended March 31, 2023 as compared to Rs 9.77 crore in the same period last year, registering a year-on-year decline of 5.83 per cent.

Net revenue of the company rose marginally by 4.07 per cent at Rs 150.52 crore in January-March quarter of this fiscal as against Rs 144.64 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 5.69 per cent to Rs 133.51 crore from Rs 126.32 crore in year ago period.

Other Income dipped by 19.77 per cent at Rs 1.42 crore versus (Mar'22 Rs 1.77 crore).

Operating Profit slipped by 7.10 per cent to Rs 17.01 crore as against Rs 18.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.74 per cent in March quarter.

Interest grew by 4.42 per cent y-o-y to Rs 3.78 crore, while Taxation decreased by 24.14 per cent at Rs 2.64 crore (Mar'22 Rs 3.48 crore).