The company reported standalone net profit of Rs 1.01 crore for the quarter ended December 31, 2023 as compared to Rs 1.29 crore in the same period last year, registering a year-on-year decline of 21.71 per cent.

Net revenue of the company rose marginally by 1.51 per cent at Rs 14.83 crore in October-December quarter of this fiscal as against Rs 14.61 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 5.64 per cent to Rs 13.11 crore from Rs 12.41 crore in year ago period.

Operating Profit slipped by 21.46 per cent to Rs 1.72 crore as against Rs 2.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.65 per cent in December quarter.

Taxation decreased by 34.09 per cent at Rs 0.29 crore (Dec'22 Rs 0.44 crore).