The company reported standalone net profit during the quarter stood at Rs 2.03 crore compared to net loss of Rs 0.07 crore in the previous year quarter.

Net revenue of the company declined marginally by 4.89 per cent at Rs 3.11 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 9.25 per cent to Rs 3.14 crore from Rs 3.46 crore in year ago period.

Other Income grew by 68.97 per cent at Rs 0.49 crore versus (Dec'22 Rs 0.29 crore).

Operating Profit slipped by 84.21 per cent to Rs -0.03 crore as against Rs -0.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 83.42 per cent in December quarter.

Interest grew by 33.33 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 200.00 per cent at Rs -0.06 crore (Dec'22 Rs 0.06 crore).