Otco International Ltd’s shares were down by 9 per cent after the company reported a 44 per cent decrease in profit for the quarter ended June 30, 2023, at Rs 2.83 lakh, compared to Rs 5.13 lakh in the corresponding quarter last year. 

Revenues were up 504 per cent at Rs 36.28 lakh, compared to Rs 6 lakh last year. Sequentially, profits were 72 per cent lower compared to Rs 10.27 lakh in the previous quarter.

The shares were down by 9 per cent at Rs 4.72 at 12.53 pm on the BSE.