The company reported standalone net profit of Rs 3.30 crore for the quarter ended December 31, 2020 as compared to Rs 0.62 crore in the same period last year, registering a year-on-year growth of 432.26 per cent.
Net revenue of the company rose substantially by 57.20 per cent at Rs 42.16 crore in October-December quarter of this fiscal as against Rs 26.82 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 48.73 per cent to Rs 36.78 crore from Rs 24.73 crore in year ago period.
Other Income grew by 153.85 per cent at Rs 0.33 crore versus (Dec'19 Rs 0.13 crore).
Operating Profit surged by 157.89 per cent to Rs 5.39 crore as against Rs 2.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 63.85 per cent in December quarter.
Interest declined by 50.00 per cent y-o-y to Rs 0.23 crore, while Taxation increased by 565.00 per cent at Rs 1.33 crore (Dec'19 Rs 0.20 crore).