The Faridabad-based company’s profit declined by 51.2 per cent on quarter-on-quarter (QoQ) basis. Netweb Technologies reported a profit after tax of Rs 10. 5 crore in the last quarter of FY23.
Its total income stood at Rs 60.2 crore in the June quarter of the current financial year, down 13.2% YoY as compared to Rs 64.9 crore in the same quarter of the previous financial year. On a QoQ basis, total income fell 51.7% to Rs 60.2 crore in Q1 FY24 from Rs 12.46 crore in Q4 FY23.