The company reported standalone net profit of Rs 27.79 crore for the quarter ended March 31, 2021 as compared to Rs 8.45 crore in the same period last year, registering a year-on-year growth of 228.88 per cent. Net revenue of the company rose substantially by 89.25 per cent at Rs 132.76 crore in January-March quarter of this fiscal as against Rs 70.15 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 79.14 per cent to Rs 97.20 crore from Rs 54.26 crore in year ago period. Other Income grew by 31.37 per cent at Rs 1.34 crore versus (Mar'20 Rs 1.02 crore).
Operating Profit surged by 123.73 per cent to Rs 35.55 crore as against Rs 15.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 18.23 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.07 crore, while Taxation decreased by 8.37 per cent at Rs 5.69 crore (Mar'20 Rs 6.21 crore).