The company’s performance was adversely impacted during FY21, the year of the pandemic. Its revenues rose from ₹677 crore in FY21 to ₹1,351 crore in FY23, while net profit grew even more sharply – rising from ₹5 crore in FY21 to ₹97.6 crore in FY23.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction