The company reported standalone net profit of Rs 0.74 crore for the quarter ended December 31, 2023 as compared to Rs 0.54 crore in the same period last year, registering a year-on-year growth of 37.04 per cent.

Net revenue of the company declined substantially by 42.79 per cent at Rs 9.16 crore in October-December quarter of this fiscal as against Rs 16.01 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 51.57 per cent to Rs 8.03 crore from Rs 16.58 crore in year ago period.

Other Income dipped by 85.41 per cent at Rs 0.27 crore versus (Dec'22 Rs 1.85 crore).

Operating Profit surged by 300.00 per cent to Rs 1.14 crore as against Rs -0.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 447.34 per cent in December quarter.

Interest declined by 43.90 per cent y-o-y to Rs 0.23 crore, while Taxation increased by 19.05 per cent at Rs 0.25 crore (Dec'22 Rs 0.21 crore).