The company reported standalone net profit of Rs 1.89 crore for the quarter ended June 30, 2024 as compared to Rs 2.54 crore in the same period last year, registering a year-on-year decline of 25.59 per cent.

Net revenue of the company declined substantially by 36.01 per cent at Rs 2.95 crore in April-June quarter of this fiscal as against Rs 4.61 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 31.76 per cent to Rs 0.58 crore from Rs 0.85 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.15 crore versus (Jun'23 Rs 0.15 crore).

Operating Profit slipped by 36.97 per cent to Rs 2.37 crore as against Rs 3.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.44 per cent in June quarter.

Taxation decreased by 53.33 per cent at Rs 0.63 crore (Jun'23 Rs 1.35 crore).