The company reported standalone net profit of Rs 1.89 crore for the quarter ended June 30, 2022 as compared to Rs 0.95 crore in the same period last year, registering a year-on-year growth of 98.95 per cent.
Net revenue of the company rose substantially by 90.87 per cent at Rs 16.72 crore in April-June quarter of this fiscal as against Rs 8.76 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 112.70 per cent to Rs 16.08 crore from Rs 7.56 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 1.49 crore versus (Jun'21 Rs 0.00 crore).
Operating Profit slipped by 46.67 per cent to Rs 0.64 crore as against Rs 1.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 72.02 per cent in June quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore