The company reported standalone net profit of Rs 0.04 crore for the quarter ended March 31, 2024 as compared to Rs 0.93 crore in the same period last year, registering a year-on-year decline of 95.70 per cent.

Net revenue of the company declined substantially by 25.27 per cent at Rs 2.72 crore in January-March quarter of this fiscal as against Rs 3.64 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 22.67 per cent to Rs 1.84 crore from Rs 1.50 crore in year ago period.

Other Income grew by 1400.00 per cent at Rs 0.15 crore versus (Mar'23 Rs 0.01 crore).

Operating Profit slipped by 58.41 per cent to Rs 0.89 crore as against Rs 2.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.50 per cent in March quarter.

Interest declined by 23.08 per cent y-o-y to Rs 0.90 crore, while Taxation decreased by 88.89 per cent at Rs -0.01 crore (Mar'23 Rs -0.09 crore).