The company reported standalone net profit of Rs 0.69 crore for the quarter ended December 31, 2024 as compared to Rs 1.50 crore in the same period last year, registering a year-on-year decline of 54.00 per cent.
Net revenue of the company rose substantially by 50.96 per cent at Rs 22.78 crore in October-December quarter of this fiscal as against Rs 15.09 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 58.79 per cent to Rs 21.77 crore from Rs 13.71 crore in year ago period.
Other Income dipped by 94.30 per cent at Rs 0.09 crore versus (Dec'23 Rs 1.58 crore).
Operating Profit slipped by 27.34 per cent to Rs 1.01 crore as against Rs 1.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.85 per cent in December quarter.
Interest declined by 23.94 per cent y-o-y to Rs 0.54 crore, while Taxation decreased by 380.77 per cent at Rs -0.73 crore (Dec'23 Rs 0.26 crore).