The company reported standalone net profit during the quarter stood at Rs 2.10 crore compared to net loss of Rs 4.09 crore in the previous year quarter.
Net revenue of the company declined substantially by 26.52 per cent at Rs 9.28 crore in January-March quarter of this fiscal as against Rs 12.63 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 25.85 per cent to Rs 6.80 crore from Rs 9.17 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.14 crore versus (Mar'24 Rs 0.00 crore).
Operating Profit slipped by 30.12 per cent to Rs 2.97 crore as against Rs 4.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.82 per cent in March quarter.
Interest declined by 37.50 per cent y-o-y to Rs 0.10 crore, while Taxation decreased by 28.71 per cent at Rs 0.72 crore (Mar'24 Rs 1.01 crore).