The company reported standalone net profit of Rs 0.36 crore for the quarter ended December 31, 2023 as compared to Rs 1.54 crore in the same period last year, registering a year-on-year decline of 76.62 per cent.

Net revenue of the company rose three fold by 361.86 per cent at Rs 4.48 crore in October-December quarter of this fiscal as against Rs 0.97 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 310.10 per cent to Rs 4.06 crore from Rs 0.99 crore in year ago period.

Other Income dipped by 62.50 per cent at Rs 0.03 crore versus (Dec'22 Rs 0.08 crore).

Operating Profit surged by 2200.00 per cent to Rs 0.42 crore as against Rs -0.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 503.45 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 77.42 per cent at Rs 0.07 crore (Dec'22 Rs 0.31 crore).