The company reported standalone net profit during the quarter stood at Rs 2.55 crore compared to net loss of Rs 367.47 crore in the previous year quarter.

Net revenue of the company declined moderately by 8.47 per cent at Rs 2.27 crore in April-June quarter of this fiscal as against Rs 2.48 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 18.81 per cent to Rs 1.77 crore from Rs 2.18 crore in year ago period.

Other Income grew by 233.33 per cent at Rs 0.50 crore versus (Jun'24 Rs 0.15 crore).

Operating Profit surged by 66.67 per cent to Rs 0.50 crore as against Rs 0.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 85.52 per cent in June quarter.

Taxation decreased by 1569.23 per cent at Rs -1.91 crore (Jun'24 Rs 0.13 crore).