The company reported standalone net profit of Rs 0.08 crore for the quarter ended September 30, 2023 as compared to Rs 0.07 crore in the same period last year, registering a year-on-year growth of 14.29 per cent.

Net revenue of the company declined moderately by 16.35 per cent at Rs 20.47 crore in July-September quarter of this fiscal as against Rs 24.47 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 17.09 per cent to Rs 19.36 crore from Rs 23.35 crore in year ago period.

Operating Profit slipped by 1.77 per cent to Rs 1.11 crore as against Rs 1.13 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.35 per cent in September quarter.

Interest declined by 30.14 per cent y-o-y to Rs 0.51 crore, while Taxation decreased by 75.00 per cent at Rs -0.01 crore (Sep'22 Rs -0.04 crore).