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The company reported standalone net profit of Rs 13.32 crore for the quarter ended March 31, 2022 as compared to Rs 12.79 crore in the same period last year, registering a year-on-year growth of 4.14 per cent. Net revenue of the company rose moderately by 14.91 per cent at Rs 146.20 crore in January-March quarter of this fiscal as against Rs 127.23 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.61 per cent to Rs 129.34 crore from Rs 107.24 crore in year ago period.

Other Income dipped by 11.43 per cent at Rs 1.24 crore versus (Mar'21 Rs 1.40 crore). Operating Profit slipped by 15.75 per cent to Rs 16.85 crore as against Rs 20.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.65 per cent in March quarter. Interest grew by 46.44 per cent y-o-y to Rs 3.50 crore, while Taxation decreased by 204.56 per cent at Rs -4.82 crore (Mar'21 Rs 4.61 crore).