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The company reported standalone net profit during the quarter stood at Rs 10.95 crore compared to net loss of Rs 19.43 crore in the previous year quarter. Net revenue of the company declined substantially by 37.89 per cent at Rs 9.26 crore in January-March quarter of this fiscal as against Rs 14.91 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 17.87 per cent to Rs 10.34 crore from Rs 12.59 crore in year ago period. Other Income grew by 5271.43 per cent at Rs 7.52 crore versus (Mar'21 Rs 0.14 crore). Operating Profit slipped by 146.75 per cent to Rs -1.08 crore as against Rs 2.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 175.18 per cent in March quarter. Interest declined by 30.91 per cent y-o-y to Rs 0.38 crore, while Taxation decreased by 125.33 per cent at Rs -5.30 crore (Mar'21 Rs 20.92 crore).