The company reported standalone net profit of Rs 1.58 crore for the quarter ended September 30, 2024 as compared to Rs 7.41 crore in the same period last year, registering a year-on-year decline of 78.68 per cent.
Net revenue of the company declined substantially by 36.68 per cent at Rs 18.47 crore in July-September quarter of this fiscal as against Rs 29.17 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 24.84 per cent to Rs 16.49 crore from Rs 21.94 crore in year ago period.
Other Income grew by 22.22 per cent at Rs 0.44 crore versus (Sep'23 Rs 0.36 crore).
Operating Profit slipped by 72.61 per cent to Rs 1.98 crore as against Rs 7.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 56.76 per cent in September quarter.
Interest grew by 900.00 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 0.00 per cent at Rs 0.42 crore (Sep'23 Rs 0.00 crore).