The company reported standalone net profit during the quarter stood at Rs 0.50 crore compared to net loss of Rs 1.10 crore in the previous year quarter.

Net revenue of the company declined substantially by 43.79 per cent at Rs 19.56 crore in January-March quarter of this fiscal as against Rs 34.80 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 41.50 per cent to Rs 20.85 crore from Rs 35.64 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 2.17 crore versus (Mar'23 Rs 0.00 crore).

Operating Profit surged by 55.42 per cent to Rs -1.29 crore as against Rs -0.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 176.99 per cent in March quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.05 crore