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The company reported standalone net profit of Rs 28.52 crore for the quarter ended March 31, 2022 as compared to Rs 28.83 crore in the same period last year, registering a year-on-year decline of 1.08 per cent. Net revenue of the company rose moderately by 15.28 per cent at Rs 414.28 crore in January-March quarter of this fiscal as against Rs 359.36 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 17.92 per cent to Rs 374.24 crore from Rs 317.37 crore in year ago period.

Other Income dipped by 3.56 per cent at Rs 4.33 crore versus (Mar'21 Rs 4.49 crore). Operating Profit slipped by 4.64 per cent to Rs 40.04 crore as against Rs 41.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.21 per cent in March quarter. Interest declined by 44.21 per cent y-o-y to Rs 1.35 crore, while Taxation decreased by 8.74 per cent at Rs 9.61 crore (Mar'21 Rs 10.53 crore).