The company reported standalone net profit during the quarter stood at Rs 0.51 crore compared to net loss of Rs 0.08 crore in the previous year quarter.

Net revenue of the company declined substantially by 69.66 per cent at Rs 6.78 crore in October-December quarter of this fiscal as against Rs 22.35 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 71.40 per cent to Rs 6.40 crore from Rs 22.38 crore in year ago period.

Other Income grew by 433.33 per cent at Rs 0.16 crore versus (Dec'22 Rs 0.03 crore).

Operating Profit surged by 1366.67 per cent to Rs 0.38 crore as against Rs -0.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4128.57 per cent in December quarter.

Interest declined by 83.33 per cent y-o-y to Rs 0.01 crore