The company reported standalone net profit of Rs 0.87 crore for the quarter ended December 31, 2024 as compared to Rs 0.06 crore in the same period last year, registering a year-on-year growth of 1350.00 per cent.
Net revenue of the company declined by 5.21 per cent at Rs 16.38 crore in October-December quarter of this fiscal as against Rs 17.28 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.11 per cent to Rs 15.11 crore from Rs 16.81 crore in year ago period.
Operating Profit surged by 162.50 per cent to Rs 1.26 crore as against Rs 0.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 178.99 per cent in December quarter.
Interest declined by 18.18 per cent y-o-y to Rs 0.27 crore, while Taxation increased by 57.14 per cent at Rs 0.11 crore (Dec'23 Rs 0.07 crore).