The company reported standalone net profit of Rs 3.72 crore for the quarter ended June 30, 2024 as compared to Rs 4.84 crore in the same period last year, registering a year-on-year decline of 23.14 per cent.

Net revenue of the company rose moderately by 18.60 per cent at Rs 22.96 crore in April-June quarter of this fiscal as against Rs 19.36 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 36.14 per cent to Rs 19.70 crore from Rs 14.47 crore in year ago period.

Other Income grew by 1.02 per cent at Rs 1.99 crore versus (Jun'23 Rs 1.97 crore).

Operating Profit slipped by 33.33 per cent to Rs 3.26 crore as against Rs 4.89 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.87 per cent in June quarter.

Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 42.86 per cent at Rs 0.64 crore (Jun'23 Rs 1.12 crore).