The company reported standalone net profit of Rs 2.92 crore for the quarter ended March 31, 2023 as compared to Rs 2.39 crore in the same period last year, registering a year-on-year growth of 22.18 per cent.
Net revenue of the company rose moderately by 14.73 per cent at Rs 208.89 crore in January-March quarter of this fiscal as against Rs 182.07 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 15.34 per cent to Rs 202.16 crore from Rs 175.27 crore in year ago period.
Other Income dipped by 28.57 per cent at Rs 0.10 crore versus (Mar'22 Rs 0.14 crore).
Operating Profit slipped by 1.03 per cent to Rs 6.73 crore as against Rs 6.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.90 per cent in March quarter.
Interest declined by 7.09 per cent y-o-y to Rs 1.31 crore, while Taxation decreased by 33.71 per cent at Rs 1.16 crore (Mar'22 Rs 1.75 crore).