The company reported standalone net profit of Rs 0.18 crore for the quarter ended December 31, 2024 as compared to Rs 1.14 crore in the same period last year, registering a year-on-year decline of 84.21 per cent.
Net revenue of the company declined substantially by 25.62 per cent at Rs 25.95 crore in October-December quarter of this fiscal as against Rs 34.89 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 25.91 per cent to Rs 24.36 crore from Rs 32.88 crore in year ago period.
Other Income grew by 50.00 per cent at Rs 0.15 crore versus (Dec'23 Rs 0.10 crore).
Operating Profit slipped by 20.90 per cent to Rs 1.59 crore as against Rs 2.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.41 per cent in December quarter.
Interest declined by 1.28 per cent y-o-y to Rs 0.77 crore, while Taxation increased by 0.00 per cent at Rs 0.56 crore (Dec'23 Rs 0.00 crore).