The company reported standalone net profit during the quarter stood at Rs 0.54 crore compared to net loss of Rs 0.12 crore in the previous year quarter.

Net revenue of the company declined substantially by 56.44 per cent at Rs 22.63 crore in July-September quarter of this fiscal as against Rs 51.95 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 65.16 per cent to Rs 15.82 crore from Rs 45.41 crore in year ago period.

Other Income dipped by 42.86 per cent at Rs 0.04 crore versus (Sep'22 Rs 0.07 crore).

Operating Profit surged by 4.29 per cent to Rs 6.81 crore as against Rs 6.53 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 139.30 per cent in September quarter.

Interest declined by 0.86 per cent y-o-y to Rs 4.63 crore, while Taxation increased by 4700.00 per cent at Rs -0.48 crore (Sep'22 Rs -0.01 crore).