The company reported standalone net profit of Rs 2.12 crore for the quarter ended September 30, 2023 as compared to Rs 0.46 crore in the same period last year, registering a year-on-year growth of 360.87 per cent.

Net revenue of the company declined substantially by 22.19 per cent at Rs 45.10 crore in July-September quarter of this fiscal as against Rs 57.96 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 22.24 per cent to Rs 43.92 crore from Rs 56.48 crore in year ago period.

Other Income grew by 1572.73 per cent at Rs 1.84 crore versus (Sep'22 Rs 0.11 crore).

Operating Profit slipped by 20.27 per cent to Rs 1.18 crore as against Rs 1.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.75 per cent in September quarter.

Interest declined by 20.78 per cent y-o-y to Rs 0.61 crore