The company reported standalone net profit of Rs 0.22 crore for the quarter ended September 30, 2024 as compared to Rs 0.28 crore in the same period last year, registering a year-on-year decline of 21.43 per cent.

Net revenue of the company declined by 5.26 per cent at Rs 10.09 crore in July-September quarter of this fiscal as against Rs 10.65 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 2.77 per cent to Rs 9.84 crore from Rs 10.12 crore in year ago period.

Operating Profit slipped by 52.83 per cent to Rs 0.25 crore as against Rs 0.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.30 per cent in September quarter.

Interest grew by 11.11 per cent y-o-y to Rs 0.10 crore, while Taxation decreased by 200.00 per cent at Rs -0.11 crore (Sep'23 Rs 0.11 crore).