The company reported standalone net profit of Rs 57.87 crore for the quarter ended March 31, 2021 as compared to Rs 6.69 crore in the same period last year, registering a year-on-year growth of 765.02 per cent.

Net revenue of the company rose substantially by 64.43 per cent at Rs 388.79 crore in January-March quarter of this fiscal as against Rs 236.44 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 50.39 per cent to Rs 291.54 crore from Rs 193.85 crore in year ago period.

Other Income grew by 97.70 per cent at Rs 1.72 crore versus (Mar'20 Rs 0.87 crore).

Operating Profit surged by 128.42 per cent to Rs 97.26 crore as against Rs 42.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 38.92 per cent in March quarter.

Interest declined by 122.82 per cent y-o-y to Rs -3.77 crore, while Taxation increased by 532.25 per cent at Rs 29.22 crore (Mar'20 Rs -6.76 crore).