The company reported standalone net profit of Rs 36.16 crore for the quarter ended December 31, 2021 as compared to Rs 0.32 crore in the same period last year, registering a year-on-year growth of 11200.00 per cent.
Net revenue of the company rose substantially by 31.37 per cent at Rs 85.85 crore in October-December quarter of this fiscal as against Rs 65.35 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 26.33 per cent to Rs 36.38 crore from Rs 49.38 crore in year ago period.
Other Income grew by 415.45 per cent at Rs 11.34 crore versus (Dec'20 Rs 2.20 crore).
Operating Profit surged by 209.77 per cent to Rs 49.47 crore as against Rs 15.97 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 135.76 per cent in December quarter.
Interest declined by 90.91 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 47.36 per cent at Rs 23.12 crore (Dec'20 Rs 15.69 crore).