The company reported standalone net profit of Rs 2.24 crore for the quarter ended March 31, 2021 as compared to Rs 1.07 crore in the same period last year, registering a year-on-year growth of 109.35 per cent.
Net revenue of the company rose triple digit by 165.05 per cent at Rs 13.65 crore in January-March quarter of this fiscal as against Rs 5.15 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 147.55 per cent to Rs 14.16 crore from Rs 5.72 crore in year ago period.
Other Income grew by 29.76 per cent at Rs 2.66 crore versus (Mar'20 Rs 2.05 crore).
Operating Profit slipped by 10.53 per cent to Rs -0.51 crore as against Rs -0.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 66.34 per cent in March quarter.
Interest grew by 200.00 per cent y-o-y to Rs 0.09 crore, while Taxation decreased by 245.45 per cent at Rs -0.32 crore (Mar'20 Rs 0.22 crore).