The company reported standalone net profit during the quarter stood at Rs 0.38 crore compared to net loss of Rs 1.19 crore in the previous year quarter.
Net revenue of the company declined substantially by 47.96 per cent at Rs 4.20 crore in January-March quarter of this fiscal as against Rs 8.07 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 44.52 per cent to Rs 5.06 crore from Rs 9.12 crore in year ago period.
Other Income grew by 6800.00 per cent at Rs 1.38 crore versus (Mar'24 Rs 0.02 crore).
Operating Profit slipped by 17.31 per cent to Rs -0.86 crore as against Rs -1.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.96 per cent in March quarter.
Taxation increased by 150.00 per cent at Rs 0.13 crore (Mar'24 Rs -0.26 crore).