The company reported standalone net profit during the quarter stood at Rs 0.56 crore compared to net loss of Rs 0.01 crore in the previous year quarter.
Net revenue of the company declined substantially by 53.15 per cent at Rs 12.42 crore in July-September quarter of this fiscal as against Rs 26.51 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 55.51 per cent to Rs 11.55 crore from Rs 25.96 crore in year ago period.
Operating Profit surged by 58.18 per cent to Rs 0.87 crore as against Rs 0.55 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 238.83 per cent in September quarter.
Interest declined by 16.00 per cent y-o-y to Rs 0.63 crore, while Taxation increased by 920.00 per cent at Rs -0.51 crore (Sep'23 Rs -0.05 crore).