The company reported standalone net profit of Rs 1.53 crore for the quarter ended December 31, 2024 as compared to Rs 5.05 crore in the same period last year, registering a year-on-year decline of 69.70 per cent.
Net revenue of the company declined substantially by 40.03 per cent at Rs 15.58 crore in October-December quarter of this fiscal as against Rs 25.98 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 43.48 per cent to Rs 11.75 crore from Rs 20.79 crore in year ago period.
Other Income dipped by 158.30 per cent at Rs -1.30 crore versus (Dec'23 Rs 2.23 crore).
Operating Profit slipped by 26.20 per cent to Rs 3.83 crore as against Rs 5.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.25 per cent in December quarter.
Interest grew by 83.33 per cent y-o-y to Rs 0.33 crore, while Taxation decreased by 90.34 per cent at Rs 0.17 crore (Dec'23 Rs 1.76 crore).