The company reported standalone net profit during the quarter stood at Rs 0.36 crore compared to net loss of Rs 3.58 crore in the previous year quarter.

Net revenue of the company declined substantially by 55.08 per cent at Rs 9.38 crore in October-December quarter of this fiscal as against Rs 20.88 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 63.10 per cent to Rs 9.55 crore from Rs 25.88 crore in year ago period.

Other Income grew by 247.83 per cent at Rs 0.80 crore versus (Dec'22 Rs 0.23 crore).

Operating Profit slipped by 96.61 per cent to Rs -0.17 crore as against Rs -5.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.21 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 108.33 per cent at Rs 0.10 crore (Dec'22 Rs -1.20 crore).