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The company reported standalone net profit of Rs 12.89 crore for the quarter ended March 31, 2022 as compared to Rs 27.43 crore in the same period last year, registering a year-on-year decline of 53.01 per cent. Net revenue of the company declined marginally by 3.24 per cent at Rs 169.19 crore in January-March quarter of this fiscal as against Rs 174.86 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 9.43 per cent to Rs 139.80 crore from Rs 127.75 crore in year ago period.

Other Income dipped by 41.87 per cent at Rs 1.18 crore versus (Mar'21 Rs 2.03 crore). Operating Profit slipped by 37.61 per cent to Rs 29.39 crore as against Rs 47.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 35.52 per cent in March quarter. Interest declined by 18.42 per cent y-o-y to Rs 0.31 crore, while Taxation decreased by 42.59 per cent at Rs 8.33 crore (Mar'21 Rs 14.51 crore).