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The company reported standalone net profit of Rs 31.16 crore for the quarter ended March 31, 2022 as compared to Rs 21.04 crore in the same period last year, registering a year-on-year growth of 48.10 per cent. Net revenue of the company declined marginally by 2.85 per cent at Rs 109.82 crore in January-March quarter of this fiscal as against Rs 113.04 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 3.88 per cent to Rs 110.64 crore from Rs 106.51 crore in year ago period.

Other Income grew by 44.20 per cent at Rs 27.11 crore versus (Mar'21 Rs 18.80 crore). Operating Profit slipped by 112.56 per cent to Rs -0.82 crore as against Rs 6.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 112.98 per cent in March quarter. Interest grew by 40.00 per cent y-o-y to Rs 0.91 crore, while Taxation decreased by 452.19 per cent at Rs -8.03 crore (Mar'21 Rs 2.28 crore).