The company reported standalone net profit of Rs 0.13 crore for the quarter ended December 31, 2023 as compared to Rs 0.23 crore in the same period last year, registering a year-on-year decline of 43.48 per cent.

Net revenue of the company declined marginally by 4.72 per cent at Rs 6.87 crore in October-December quarter of this fiscal as against Rs 7.21 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 2.15 per cent to Rs 6.82 crore from Rs 6.97 crore in year ago period.

Other Income grew by 50.00 per cent at Rs 0.12 crore versus (Dec'22 Rs 0.08 crore).

Operating Profit slipped by 79.17 per cent to Rs 0.05 crore as against Rs 0.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 76.76 per cent in December quarter.

Taxation decreased by 71.43 per cent at Rs 0.02 crore (Dec'22 Rs 0.07 crore).