The company reported standalone net profit during the quarter stood at Rs 1.59 crore compared to net loss of Rs 0.39 crore in the previous year quarter.
Net revenue of the company declined substantially by 29.80 per cent at Rs 1.72 crore in July-September quarter of this fiscal as against Rs 2.45 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 95.88 per cent to Rs 0.12 crore from Rs 2.91 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Sep'23 Rs 0.01 crore).
Operating Profit surged by 440.43 per cent to Rs 1.60 crore as against Rs -0.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 585.73 per cent in September quarter.
Interest grew by 16.67 per cent y-o-y to Rs 0.07 crore, while Taxation decreased by 61.54 per cent at Rs -0.05 crore (Sep'23 Rs -0.13 crore).