The company reported standalone net profit of Rs 0.25 crore for the quarter ended December 31, 2022 as compared to Rs 0.28 crore in the same period last year, registering a year-on-year decline of 10.71 per cent.

Net revenue of the company declined substantially by 22.88 per cent at Rs 7.35 crore in October-December quarter of this fiscal as against Rs 9.53 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 20.99 per cent to Rs 7.19 crore from Rs 9.10 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.19 crore versus (Dec'21 Rs 0.00 crore).

Operating Profit slipped by 62.79 per cent to Rs 0.16 crore as against Rs 0.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.23 per cent in December quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 80.00 per cent at Rs 0.02 crore (Dec'21 Rs 0.10 crore).