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The company reported standalone net profit of Rs 20.10 crore for the quarter ended March 31, 2021 as compared to Rs 13.32 crore in the same period last year, registering a year-on-year growth of 50.90 per cent. Net revenue of the company rose substantially by 29.72 per cent at Rs 308.31 crore in January-March quarter of this fiscal as against Rs 237.67 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 27.93 per cent to Rs 277.19 crore from Rs 216.68 crore in year ago period. Other Income dipped by 34.06 per cent at Rs 2.13 crore versus (Mar'20 Rs 3.23 crore).

Operating Profit surged by 48.26 per cent to Rs 31.12 crore as against Rs 20.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.27 per cent in March quarter. Interest declined by 64.67 per cent y-o-y to Rs 1.30 crore, while Taxation increased by 98.01 per cent at Rs 6.97 crore (Mar'20 Rs 3.52 crore).