The company reported standalone net profit of Rs 0.10 crore for the quarter ended December 31, 2023 as compared to Rs 0.16 crore in the same period last year, registering a year-on-year decline of 37.50 per cent.

Net revenue of the company declined substantially by 38.23 per cent at Rs 2.02 crore in October-December quarter of this fiscal as against Rs 3.27 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 39.00 per cent to Rs 1.83 crore from Rs 3.00 crore in year ago period.

Operating Profit slipped by 29.63 per cent to Rs 0.19 crore as against Rs 0.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 12.48 per cent in December quarter.

Taxation increased by 300.00 per cent at Rs 0.04 crore (Dec'22 Rs 0.01 crore).