The company reported standalone net profit during the quarter stood at Rs 1.53 crore compared to net loss of Rs 0.33 crore in the previous year quarter.

Net revenue of the company declined substantially by 55.66 per cent at Rs 2.82 crore in April-June quarter of this fiscal as against Rs 6.36 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 78.18 per cent to Rs 1.46 crore from Rs 6.69 crore in year ago period.

Operating Profit surged by 550.00 per cent to Rs 1.53 crore as against Rs -0.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1132.07 per cent in June quarter.