The company reported standalone net profit of Rs 0.30 crore for the quarter ended December 31, 2023 as compared to Rs 0.09 crore in the same period last year, registering a year-on-year growth of 233.33 per cent.

Net revenue of the company declined substantially by 42.92 per cent at Rs 7.62 crore in October-December quarter of this fiscal as against Rs 13.35 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 42.70 per cent to Rs 7.85 crore from Rs 13.70 crore in year ago period.

Other Income grew by 2.41 per cent at Rs 0.85 crore versus (Dec'22 Rs 0.83 crore).

Operating Profit slipped by 37.14 per cent to Rs -0.22 crore as against Rs -0.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.74 per cent in December quarter.

Interest declined by 38.89 per cent y-o-y to Rs 0.11 crore, while Taxation increased by 150.00 per cent at Rs 0.10 crore (Dec'22 Rs 0.04 crore).