The company reported standalone net profit of Rs 0.33 crore for the quarter ended September 30, 2023 as compared to Rs 0.20 crore in the same period last year, registering a year-on-year growth of 65.00 per cent.

Net revenue of the company declined substantially by 30.40 per cent at Rs 22.07 crore in July-September quarter of this fiscal as against Rs 31.71 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 33.12 per cent to Rs 21.18 crore from Rs 31.67 crore in year ago period.

Other Income dipped by 67.26 per cent at Rs 0.37 crore versus (Sep'22 Rs 1.13 crore).

Operating Profit surged by 2125.00 per cent to Rs 0.89 crore as against Rs 0.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 3250.00 per cent in September quarter.

Interest grew by 62.16 per cent y-o-y to Rs 0.60 crore, while Taxation decreased by 75.00 per cent at Rs 0.06 crore (Sep'22 Rs 0.24 crore).