The company reported standalone net profit of Rs 0.29 crore for the quarter ended December 31, 2024 as compared to Rs 0.99 crore in the same period last year, registering a year-on-year decline of 70.71 per cent.
Net revenue of the company rose moderately by 13.01 per cent at Rs 33.53 crore in October-December quarter of this fiscal as against Rs 29.67 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 16.43 per cent to Rs 33.23 crore from Rs 28.54 crore in year ago period.
Other Income grew by 36.68 per cent at Rs 2.72 crore versus (Dec'23 Rs 1.99 crore).
Operating Profit slipped by 73.45 per cent to Rs 0.30 crore as against Rs 1.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 76.64 per cent in December quarter.
Interest grew by 15.79 per cent y-o-y to Rs 1.98 crore, while Taxation increased by 200.00 per cent at Rs 0.10 crore (Dec'23 Rs -0.10 crore).