India, May 24 -- The company reported standalone net profit of Rs 0.77 crore for the quarter ended March 31, 2024 as compared to Rs 2.48 crore in the same period last year, registering a year-on-year decline of 68.95 per cent.

Net revenue of the company declined substantially by 20.29 per cent at Rs 62.52 crore in January-March quarter of this fiscal as against Rs 78.43 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 16.17 per cent to Rs 61.40 crore from Rs 73.24 crore in year ago period.

Other Income dipped by 32.84 per cent at Rs 0.45 crore versus (Mar'23 Rs 0.67 crore).

Operating Profit slipped by 78.42 per cent to Rs 1.12 crore as against Rs 5.19 crore in the year ago period, ...