Response Informatics approved acquiring the remaining 33.3% stake in Datalabs AI for Rs 33,300. This makes Datalabs AI a wholly-owned subsidiary. Consolidated profit turned positive at Rs 0.214 crore, a turnaround from a loss.
Response Informatics Acquires Datalabs AI Stake, Posts Consolidated Profit Turnaround
Consolidated Profit After Tax: Rs 0.214 crore; Revenue from Operations: Rs 6.69 crore
Reader Takeaway: Consolidation of AI subsidiary bolsters consolidated profit; standalone profit dips.