The company reported standalone net profit during the quarter stood at Rs 2.39 crore compared to net loss of Rs 0.73 crore in the previous year quarter.

Net revenue of the company declined moderately by 13.94 per cent at Rs 42.59 crore in January-March quarter of this fiscal as against Rs 49.49 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 20.68 per cent to Rs 34.30 crore from Rs 43.24 crore in year ago period.

Other Income dipped by 87.50 per cent at Rs 0.16 crore versus (Mar'22 Rs 1.28 crore).

Operating Profit surged by 32.64 per cent to Rs 8.29 crore as against Rs 6.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 54.08 per cent in March quarter.

Interest grew by 55.44 per cent y-o-y to Rs 6.14 crore, while Taxation decreased by 112.34 per cent at Rs -0.49 crore (Mar'22 Rs 3.97 crore).