The company reported standalone net profit of Rs 0.83 crore for the quarter ended December 31, 2023 as compared to Rs 1.23 crore in the same period last year, registering a year-on-year decline of 32.52 per cent.

Net revenue of the company rose marginally by 3.55 per cent at Rs 2.04 crore in October-December quarter of this fiscal as against Rs 1.97 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 34.73 per cent to Rs 1.09 crore from Rs 1.67 crore in year ago period.

Other Income dipped by 96.64 per cent at Rs 0.04 crore versus (Dec'22 Rs 1.19 crore).

Operating Profit surged by 213.33 per cent to Rs 0.94 crore as against Rs 0.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 206.01 per cent in December quarter.

Interest declined by 83.33 per cent y-o-y to Rs 0.02 crore