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The company reported standalone net profit of Rs 11.31 crore for the quarter ended March 31, 2022 as compared to Rs 10.94 crore in the same period last year, registering a year-on-year growth of 3.38 per cent. Net revenue of the company rose substantially by 47.90 per cent at Rs 142.71 crore in January-March quarter of this fiscal as against Rs 96.49 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 60.22 per cent to Rs 126.38 crore from Rs 78.88 crore in year ago period.

Other Income dipped by 18.38 per cent at Rs 3.82 crore versus (Mar'21 Rs 4.68 crore). Operating Profit slipped by 7.27 per cent to Rs 16.33 crore as against Rs 17.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.32 per cent in March quarter. Interest grew by 23.29 per cent y-o-y to Rs 2.70 crore, while Taxation decreased by 213.67 per cent at Rs -1.58 crore (Mar'21 Rs 1.39 crore).