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The company reported standalone net profit of Rs 20.18 crore for the quarter ended March 31, 2021 as compared to Rs 17.26 crore in the same period last year, registering a year-on-year growth of 16.92 per cent. Net revenue of the company rose moderately by 17.18 per cent at Rs 117.63 crore in January-March quarter of this fiscal as against Rs 100.38 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.47 per cent to Rs 85.72 crore from Rs 87.89 crore in year ago period. Other Income dipped by 113.08 per cent at Rs -1.82 crore versus (Mar'20 Rs 13.91 crore).

Operating Profit surged by 155.28 per cent to Rs 31.91 crore as against Rs 12.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 117.83 per cent in March quarter. Interest declined by 27.74 per cent y-o-y to Rs 2.11 crore, while Taxation increased by 31.82 per cent at Rs 6.38 crore (Mar'20 Rs 4.84 crore).