The company reported standalone net profit during the quarter stood at Rs 0.14 crore compared to net loss of Rs 0.07 crore in the previous year quarter.

Net revenue of the company declined substantially by 25.26 per cent at Rs 13.49 crore in January-March quarter of this fiscal as against Rs 18.05 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 25.03 per cent to Rs 13.09 crore from Rs 17.46 crore in year ago period.

Other Income dipped by 75.76 per cent at Rs 0.08 crore versus (Mar'24 Rs 0.33 crore).

Operating Profit slipped by 33.33 per cent to Rs 0.40 crore as against Rs 0.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.67 per cent in March quarter.

Interest declined by 27.27 per cent y-o-y to Rs 0.16 crore, while Taxation decreased by 93.44 per cent at Rs 0.04 crore (Mar'24 Rs 0.61 crore).