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The company reported standalone net profit of Rs 12.20 crore for the quarter ended June 30, 2022 as compared to Rs 23.04 crore in the same period last year, registering a year-on-year decline of 47.05 per cent. Net revenue of the company declined moderately by 11.45 per cent at Rs 116.49 crore in April-June quarter of this fiscal as against Rs 131.56 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 1.52 per cent to Rs 97.86 crore from Rs 99.37 crore in year ago period.

Other Income dipped by 78.51 per cent at Rs 0.49 crore versus (Jun'21 Rs 2.28 crore). Operating Profit slipped by 42.12 per cent to Rs 18.63 crore as against Rs 32.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.65 per cent in June quarter. Interest grew by 14.18 per cent y-o-y to Rs 1.53 crore, while Taxation decreased by 50.05 per cent at Rs 4.58 crore (Jun'21 Rs 9.17 crore).