The company reported standalone net profit during the quarter stood at Rs 1.83 crore compared to net loss of Rs 0.76 crore in the previous year quarter.

Net revenue of the company declined substantially by 39.76 per cent at Rs 12.15 crore in January-March quarter of this fiscal as against Rs 20.17 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 52.24 per cent to Rs 10.00 crore from Rs 20.94 crore in year ago period.

Operating Profit surged by 379.22 per cent to Rs 2.15 crore as against Rs -0.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 565.79 per cent in March quarter.

Taxation increased by 0.00 per cent at Rs 0.32 crore (Mar'23 Rs 0.00 crore).