The company reported standalone net profit of Rs 0.09 crore for the quarter ended June 30, 2024 as compared to Rs 4.19 crore in the same period last year, registering a year-on-year decline of 97.85 per cent.

Net revenue of the company declined marginally by 3.44 per cent at Rs 180.09 crore in April-June quarter of this fiscal as against Rs 186.50 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 0.86 per cent to Rs 174.69 crore from Rs 176.20 crore in year ago period.

Other Income dipped by 70.63 per cent at Rs 0.37 crore versus (Jun'23 Rs 1.26 crore).

Operating Profit slipped by 46.20 per cent to Rs 5.74 crore as against Rs 10.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.23 per cent in June quarter.

Interest declined by 38.33 per cent y-o-y to Rs 0.74 crore, while Taxation decreased by 95.24 per cent at Rs 0.07 crore (Jun'23 Rs 1.47 crore).