The company reported standalone net profit of Rs 1.07 crore for the quarter ended December 31, 2023 as compared to Rs 1.13 crore in the same period last year, registering a year-on-year decline of 5.31 per cent.

Net revenue of the company declined moderately by 16.51 per cent at Rs 35.61 crore in October-December quarter of this fiscal as against Rs 42.65 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 17.64 per cent to Rs 33.90 crore from Rs 41.16 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.13 crore versus (Dec'22 Rs 0.00 crore).

Operating Profit surged by 14.77 per cent to Rs 1.71 crore as against Rs 1.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.54 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.27 crore, while Taxation decreased by 50.00 per cent at Rs 0.02 crore (Dec'22 Rs 0.04 crore).