The company reported standalone net profit of Rs 0.24 crore for the quarter ended December 31, 2023 as compared to Rs 0.34 crore in the same period last year, registering a year-on-year decline of 29.41 per cent.

Net revenue of the company declined by 0.08 per cent at Rs 12.11 crore in October-December quarter of this fiscal as against Rs 12.12 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 1.22 per cent to Rs 11.30 crore from Rs 11.44 crore in year ago period.

Other Income dipped by 65.22 per cent at Rs 0.08 crore versus (Dec'22 Rs 0.23 crore).

Operating Profit surged by 15.94 per cent to Rs 0.80 crore as against Rs 0.69 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.28 per cent in December quarter.

Interest declined by 22.22 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 37.50 per cent at Rs 0.11 crore (Dec'22 Rs 0.08 crore).