The company reported standalone net profit during the quarter stood at Rs 1.52 crore compared to net loss of Rs 0.69 crore in the previous year quarter.

Net revenue of the company rose substantially by 54.42 per cent at Rs 5.42 crore in April-June quarter of this fiscal as against Rs 3.51 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 50.88 per cent to Rs 3.33 crore from Rs 6.78 crore in year ago period.

Other Income dipped by 99.74 per cent at Rs 0.01 crore versus (Jun'22 Rs 3.88 crore).

Operating Profit surged by 163.80 per cent to Rs 2.08 crore as against Rs -3.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 141.41 per cent in June quarter.

Interest declined by 92.50 per cent y-o-y to Rs 0.03 crore, while Taxation decreased by 43.75 per cent at Rs 0.45 crore (Jun'22 Rs 0.80 crore).