The company reported standalone net profit during the quarter stood at Rs 0.31 crore compared to net loss of Rs 0.44 crore in the previous year quarter.

Net revenue of the company declined marginally by 3.98 per cent at Rs 9.17 crore in January-March quarter of this fiscal as against Rs 9.55 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 2.76 per cent to Rs 8.82 crore from Rs 9.07 crore in year ago period.

Other Income grew by 133.33 per cent at Rs 0.42 crore versus (Mar'24 Rs 0.18 crore).

Operating Profit slipped by 27.08 per cent to Rs 0.35 crore as against Rs 0.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.49 per cent in March quarter.

Interest declined by 8.33 per cent y-o-y to Rs 0.22 crore, while Taxation decreased by 98.28 per cent at Rs 0.01 crore (Mar'24 Rs 0.58 crore).