The company reported standalone net profit of Rs 0.20 crore for the quarter ended December 31, 2024 as compared to Rs 0.29 crore in the same period last year, registering a year-on-year decline of 31.03 per cent.
Net revenue of the company rose substantially by 30.48 per cent at Rs 26.54 crore in October-December quarter of this fiscal as against Rs 20.34 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 31.78 per cent to Rs 26.04 crore from Rs 19.76 crore in year ago period.
Operating Profit slipped by 12.07 per cent to Rs 0.51 crore as against Rs 0.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.51 per cent in December quarter.
Interest grew by 27.78 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 30.00 per cent at Rs 0.07 crore (Dec'23 Rs 0.10 crore).