The company reported standalone net profit of Rs 0.04 crore for the quarter ended December 31, 2023 as compared to Rs 1.78 crore in the same period last year, registering a year-on-year decline of 97.75 per cent.

Net revenue of the company rose substantially by 32.47 per cent at Rs 3.06 crore in October-December quarter of this fiscal as against Rs 2.31 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.85 per cent to Rs 3.00 crore from Rs 3.12 crore in year ago period.

Other Income dipped by 98.50 per cent at Rs 0.04 crore versus (Dec'22 Rs 2.67 crore).

Operating Profit surged by 108.64 per cent to Rs 0.07 crore as against Rs -0.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 106.38 per cent in December quarter.