The company reported standalone net profit of Rs 3.26 crore for the quarter ended December 31, 2024 as compared to Rs 9.58 crore in the same period last year, registering a year-on-year decline of 65.97 per cent.
Net revenue of the company declined substantially by 24.87 per cent at Rs 40.41 crore in October-December quarter of this fiscal as against Rs 53.79 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 13.79 per cent to Rs 35.45 crore from Rs 41.12 crore in year ago period.
Other Income grew by 42.67 per cent at Rs 1.07 crore versus (Dec'23 Rs 0.75 crore).
Operating Profit slipped by 60.88 per cent to Rs 4.96 crore as against Rs 12.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 47.94 per cent in December quarter.
Interest declined by 79.59 per cent y-o-y to Rs 0.10 crore, while Taxation decreased by 34.36 per cent at Rs 1.70 crore (Dec'23 Rs 2.59 crore).