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The company reported standalone net profit of Rs 15.95 crore for the quarter ended June 30, 2022 as compared to Rs 17.59 crore in the same period last year, registering a year-on-year decline of 9.32 per cent. Net revenue of the company declined moderately by 7.00 per cent at Rs 68.91 crore in April-June quarter of this fiscal as against Rs 74.10 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 4.81 per cent to Rs 46.35 crore from Rs 48.69 crore in year ago period. Other Income dipped by 8.02 per cent at Rs 2.41 crore versus (Jun'21 Rs 2.62 crore). Operating Profit slipped by 11.22 per cent to Rs 22.56 crore as against Rs 25.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.52 per cent in June quarter. Interest declined by 10.71 per cent y-o-y to Rs 0.25 crore, while Taxation decreased by 12.43 per cent at Rs 5.85 crore (Jun'21 Rs 6.68 crore).