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The company reported standalone net profit of Rs 10.97 crore for the quarter ended March 31, 2021 as compared to Rs 15.37 crore in the same period last year, registering a year-on-year decline of 28.63 per cent. Net revenue of the company rose substantially by 29.12 per cent at Rs 218.84 crore in January-March quarter of this fiscal as against Rs 169.48 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 22.43 per cent to Rs 192.01 crore from Rs 156.83 crore in year ago period. Other Income dipped by 47.67 per cent at Rs 4.61 crore versus (Mar'20 Rs 8.81 crore).

Operating Profit surged by 112.09 per cent to Rs 26.83 crore as against Rs 12.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 64.34 per cent in March quarter. Interest declined by 45.98 per cent y-o-y to Rs 0.47 crore, while Taxation increased by 15.17 per cent at Rs 11.77 crore (Mar'20 Rs 10.22 crore).