The company reported standalone net profit of Rs 1.12 crore for the quarter ended March 31, 2024 as compared to Rs 1.19 crore in the same period last year, registering a year-on-year decline of 5.88 per cent.

Net revenue of the company declined moderately by 6.36 per cent at Rs 51.52 crore in January-March quarter of this fiscal as against Rs 55.02 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 6.53 per cent to Rs 46.82 crore from Rs 50.09 crore in year ago period.

Other Income dipped by 17.07 per cent at Rs 0.34 crore versus (Mar'23 Rs 0.41 crore).

Operating Profit slipped by 4.67 per cent to Rs 4.70 crore as against Rs 4.93 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.79 per cent in March quarter.

Interest declined by 19.55 per cent y-o-y to Rs 1.77 crore, while Taxation decreased by 16.67 per cent at Rs 0.50 crore (Mar'23 Rs 0.60 crore).