The company reported standalone net profit of Rs 0.90 crore for the quarter ended September 30, 2024 as compared to Rs 3.45 crore in the same period last year, registering a year-on-year decline of 73.91 per cent.
Net revenue of the company declined substantially by 24.01 per cent at Rs 80.40 crore in July-September quarter of this fiscal as against Rs 105.80 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 25.55 per cent to Rs 74.42 crore from Rs 99.96 crore in year ago period.
Operating Profit surged by 2.40 per cent to Rs 5.98 crore as against Rs 5.84 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 34.78 per cent in September quarter.
Interest declined by 5.64 per cent y-o-y to Rs 3.18 crore, while Taxation increased by 292.31 per cent at Rs 0.25 crore (Sep'23 Rs -0.13 crore).