The company reported standalone net profit during the quarter stood at Rs 0.16 crore compared to net loss of Rs 0.27 crore in the previous year quarter.

Net revenue of the company declined moderately by 19.25 per cent at Rs 1.30 crore in October-December quarter of this fiscal as against Rs 1.61 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 45.16 per cent to Rs 0.17 crore from Rs 0.31 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit slipped by 13.74 per cent to Rs 1.13 crore as against Rs 1.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.49 per cent in December quarter.

Interest declined by 38.13 per cent y-o-y to Rs 0.99 crore