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The company reported standalone net profit of Rs 16.20 crore for the quarter ended March 31, 2022 as compared to Rs 10.97 crore in the same period last year, registering a year-on-year growth of 47.68 per cent. Net revenue of the company declined marginally by 4.01 per cent at Rs 210.06 crore in January-March quarter of this fiscal as against Rs 218.84 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.90 per cent to Rs 193.73 crore from Rs 192.01 crore in year ago period.

Other Income dipped by 71.80 per cent at Rs 1.30 crore versus (Mar'21 Rs 4.61 crore). Operating Profit slipped by 39.14 per cent to Rs 16.33 crore as against Rs 26.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.62 per cent in March quarter. Interest declined by 80.85 per cent y-o-y to Rs 0.09 crore, while Taxation decreased by 131.86 per cent at Rs -3.75 crore (Mar'21 Rs 11.77 crore).