The company reported standalone net profit during the quarter stood at Rs 0.24 crore compared to net loss of Rs 2.41 crore in the previous year quarter.

Net revenue of the company declined marginally by 1.38 per cent at Rs 5.02 crore in January-March quarter of this fiscal as against Rs 5.09 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 44.97 per cent to Rs 4.43 crore from Rs 8.05 crore in year ago period.

Other Income grew by 37.50 per cent at Rs 0.11 crore versus (Mar'24 Rs 0.08 crore).

Operating Profit surged by 119.93 per cent to Rs 0.59 crore as against Rs -2.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.16 per cent in March quarter.

Interest grew by 280.00 per cent y-o-y to Rs 0.19 crore, while Taxation increased by 109.38 per cent at Rs 0.06 crore (Mar'24 Rs -0.64 crore).