The company reported standalone net profit of Rs 0.09 crore for the quarter ended March 31, 2023 as compared to Rs 0.27 crore in the same period last year, registering a year-on-year decline of 66.67 per cent.

Net revenue of the company rose moderately by 11.78 per cent at Rs 143.15 crore in January-March quarter of this fiscal as against Rs 128.06 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 12.68 per cent to Rs 141.74 crore from Rs 125.79 crore in year ago period.

Other Income grew by 1075.00 per cent at Rs 0.94 crore versus (Mar'22 Rs 0.08 crore).

Operating Profit slipped by 37.44 per cent to Rs 1.42 crore as against Rs 2.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 44.07 per cent in March quarter.

Interest declined by 4.49 per cent y-o-y to Rs 1.70 crore, while Taxation decreased by 88.89 per cent at Rs 0.03 crore (Mar'22 Rs 0.27 crore).