The company reported standalone net profit of Rs 2.63 crore for the quarter ended March 31, 2022 as compared to Rs 1.83 crore in the same period last year, registering a year-on-year growth of 43.72 per cent.

Net revenue of the company rose moderately by 9.18 per cent at Rs 10.59 crore in January-March quarter of this fiscal as against Rs 9.70 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 325.00 per cent to Rs 0.51 crore from Rs 0.12 crore in year ago period.

Operating Profit surged by 5.11 per cent to Rs 10.07 crore as against Rs 9.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.68 per cent in March quarter.

Interest declined by 11.91 per cent y-o-y to Rs 6.36 crore, while Taxation increased by 47.62 per cent at Rs 0.93 crore (Mar'21 Rs 0.63 crore).