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The company reported standalone net profit of Rs 28.71 crore for the quarter ended March 31, 2022 as compared to Rs 29.92 crore in the same period last year, registering a year-on-year decline of 4.04 per cent. Net revenue of the company rose moderately by 11.15 per cent at Rs 96.11 crore in January-March quarter of this fiscal as against Rs 86.47 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.42 per cent to Rs 52.87 crore from Rs 52.65 crore in year ago period.

Other Income grew by 23.56 per cent at Rs 16.36 crore versus (Mar'21 Rs 13.24 crore). Operating Profit surged by 27.85 per cent to Rs 43.24 crore as against Rs 33.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.03 per cent in March quarter. Interest grew by 40.00 per cent y-o-y to Rs 0.07 crore, while Taxation decreased by 28.93 per cent at Rs 7.86 crore (Mar'21 Rs 11.06 crore).