The company reported standalone net profit of Rs 0.93 crore for the quarter ended December 31, 2021 as compared to Rs 8.07 crore in the same period last year, registering a year-on-year decline of 88.48 per cent.

Net revenue of the company declined substantially by 46.90 per cent at Rs 32.01 crore in October-December quarter of this fiscal as against Rs 60.28 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 39.89 per cent to Rs 30.58 crore from Rs 50.87 crore in year ago period.

Other Income dipped by 36.36 per cent at Rs 0.14 crore versus (Dec'20 Rs 0.22 crore).

Operating Profit slipped by 84.82 per cent to Rs 1.43 crore as against Rs 9.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 71.38 per cent in December quarter.

Interest grew by 1350.00 per cent y-o-y to Rs 0.29 crore, while Taxation decreased by 79.33 per cent at Rs 0.31 crore (Dec'20 Rs 1.50 crore).