The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2023 as compared to Rs 0.49 crore in the same period last year, registering a year-on-year decline of 46.94 per cent.

Net revenue of the company declined substantially by 38.58 per cent at Rs 12.32 crore in July-September quarter of this fiscal as against Rs 20.06 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 42.82 per cent to Rs 11.70 crore from Rs 20.46 crore in year ago period.

Other Income dipped by 49.34 per cent at Rs 0.77 crore versus (Sep'22 Rs 1.52 crore).

Operating Profit surged by 255.00 per cent to Rs 0.62 crore as against Rs -0.40 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 354.04 per cent in September quarter.

Interest grew by 33.33 per cent y-o-y to Rs 0.44 crore, while Taxation increased by 145.00 per cent at Rs 0.49 crore (Sep'22 Rs 0.20 crore).