The company reported standalone net profit of Rs 1.10 crore for the quarter ended December 31, 2024 as compared to Rs 3.20 crore in the same period last year, registering a year-on-year decline of 65.63 per cent.
Net revenue of the company declined marginally by 4.79 per cent at Rs 20.27 crore in October-December quarter of this fiscal as against Rs 21.29 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.62 per cent to Rs 15.29 crore from Rs 14.90 crore in year ago period.
Other Income dipped by 111.76 per cent at Rs -0.02 crore versus (Dec'23 Rs 0.17 crore).
Operating Profit slipped by 22.07 per cent to Rs 4.98 crore as against Rs 6.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.18 per cent in December quarter.
Interest declined by 24.68 per cent y-o-y to Rs 0.58 crore, while Taxation increased by 0.00 per cent at Rs 0.28 crore (Dec'23 Rs 0.00 crore).