The company reported standalone net profit of Rs 6.24 crore for the quarter ended June 30, 2022 as compared to Rs 14.49 crore in the same period last year, registering a year-on-year decline of 56.94 per cent.
Net revenue of the company rose three fold by 872.77 per cent at Rs 40.37 crore in April-June quarter of this fiscal as against Rs 4.15 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 519.31 per cent to Rs 39.76 crore from Rs 6.42 crore in year ago period.
Other Income dipped by 27.62 per cent at Rs 15.49 crore versus (Jun'21 Rs 21.40 crore).
Operating Profit surged by 127.31 per cent to Rs 0.62 crore as against Rs -2.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 102.79 per cent in June quarter.
Interest declined by 15.25 per cent y-o-y to Rs 1.50 crore, while Taxation increased by 800.00 per cent at Rs 6.48 crore (Jun'21 Rs 0.72 crore).