The company reported standalone net profit of Rs 0.21 crore for the quarter ended December 31, 2023 as compared to Rs 0.01 crore in the same period last year, registering a year-on-year growth of 2000.00 per cent.

Net revenue of the company declined moderately by 8.14 per cent at Rs 25.94 crore in October-December quarter of this fiscal as against Rs 28.24 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.38 per cent to Rs 24.70 crore from Rs 26.96 crore in year ago period.

Other Income grew by 41.67 per cent at Rs 0.34 crore versus (Dec'22 Rs 0.24 crore).

Operating Profit slipped by 3.13 per cent to Rs 1.24 crore as against Rs 1.28 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.07 per cent in December quarter.

Interest declined by 30.16 per cent y-o-y to Rs 0.44 crore