The company reported standalone net profit during the quarter stood at Rs 1.15 crore compared to net loss of Rs 15.59 crore in the previous year quarter.

Net revenue of the company rose three fold by 445.16 per cent at Rs 3.38 crore in April-June quarter of this fiscal as against Rs 0.62 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 35.72 per cent to Rs 9.61 crore from Rs 14.95 crore in year ago period.

Operating Profit surged by 112.77 per cent to Rs 1.83 crore as against Rs -14.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 102.35 per cent in June quarter.

Interest declined by 82.69 per cent y-o-y to Rs 0.63 crore