The company reported standalone net profit of Rs 22.02 crore for the quarter ended March 31, 2021 as compared to Rs 9.95 crore in the same period last year, registering a year-on-year growth of 121.31 per cent. Net revenue of the company rose moderately by 19.55 per cent at Rs 160.76 crore in January-March quarter of this fiscal as against Rs 134.47 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 12.29 per cent to Rs 130.19 crore from Rs 115.94 crore in year ago period. Other Income grew by 0.00 per cent at Rs 1.03 crore versus (Mar'20 Rs 0.00 crore).
Operating Profit surged by 64.98 per cent to Rs 30.57 crore as against Rs 18.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.03 per cent in March quarter. Interest grew by 10.33 per cent y-o-y to Rs 4.38 crore