The company reported standalone net profit of Rs 1.12 crore for the quarter ended June 30, 2022 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 11100.00 per cent.
Net revenue of the company rose substantially by 71.58 per cent at Rs 36.53 crore in April-June quarter of this fiscal as against Rs 21.29 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 64.35 per cent to Rs 33.51 crore from Rs 20.39 crore in year ago period.
Other Income grew by 50.00 per cent at Rs 0.06 crore versus (Jun'21 Rs 0.04 crore).
Operating Profit surged by 235.56 per cent to Rs 3.02 crore as against Rs 0.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 95.28 per cent in June quarter.
Interest grew by 188.89 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 0.00 per cent at Rs 0.84 crore (Jun'21 Rs 0.00 crore).