The company reported standalone net profit of Rs 1.12 crore for the quarter ended December 31, 2024 as compared to Rs 1.21 crore in the same period last year, registering a year-on-year decline of 7.44 per cent.
Net revenue of the company rose moderately by 13.59 per cent at Rs 85.75 crore in October-December quarter of this fiscal as against Rs 75.49 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 15.66 per cent to Rs 81.04 crore from Rs 70.07 crore in year ago period.
Other Income grew by 200.00 per cent at Rs 0.04 crore versus (Dec'23 Rs -0.04 crore).
Operating Profit slipped by 12.94 per cent to Rs 4.71 crore as against Rs 5.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.43 per cent in December quarter.
Interest declined by 22.55 per cent y-o-y to Rs 1.82 crore, while Taxation decreased by 11.76 per cent at Rs 0.45 crore (Dec'23 Rs 0.51 crore).