The company reported standalone net profit of Rs 2.24 crore for the quarter ended December 31, 2024 as compared to Rs 4.57 crore in the same period last year, registering a year-on-year decline of 50.98 per cent.
Net revenue of the company declined marginally by 4.51 per cent at Rs 57.76 crore in October-December quarter of this fiscal as against Rs 60.49 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 1.81 per cent to Rs 50.52 crore from Rs 51.45 crore in year ago period.
Other Income dipped by 27.27 per cent at Rs 0.32 crore versus (Dec'23 Rs 0.44 crore).
Operating Profit slipped by 19.91 per cent to Rs 7.24 crore as against Rs 9.04 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.13 per cent in December quarter.
Interest grew by 130.49 per cent y-o-y to Rs 1.89 crore, while Taxation decreased by 111.11 per cent at Rs -0.15 crore (Dec'23 Rs 1.35 crore).