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The company reported standalone net profit of Rs 18.72 crore for the quarter ended March 31, 2022 as compared to Rs 26.34 crore in the same period last year, registering a year-on-year decline of 28.93 per cent. Net revenue of the company rose substantially by 26.99 per cent at Rs 140.72 crore in January-March quarter of this fiscal as against Rs 110.81 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 43.37 per cent to Rs 115.21 crore from Rs 80.36 crore in year ago period.

Other Income dipped by 9.52 per cent at Rs 6.18 crore versus (Mar'21 Rs 6.83 crore). Operating Profit slipped by 16.22 per cent to Rs 25.51 crore as against Rs 30.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.02 per cent in March quarter. Interest declined by 42.86 per cent y-o-y to Rs 0.08 crore, while Taxation increased by 2.33 per cent at Rs 8.34 crore (Mar'21 Rs 8.15 crore).