The company reported standalone net profit of Rs 0.10 crore for the quarter ended September 30, 2024 as compared to Rs 0.41 crore in the same period last year, registering a year-on-year decline of 75.61 per cent.
Net revenue of the company declined substantially by 40.60 per cent at Rs 9.51 crore in July-September quarter of this fiscal as against Rs 16.01 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 45.14 per cent to Rs 8.07 crore from Rs 14.71 crore in year ago period.
Other Income grew by 888.89 per cent at Rs 0.89 crore versus (Sep'23 Rs 0.09 crore).
Operating Profit surged by 10.77 per cent to Rs 1.44 crore as against Rs 1.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 86.35 per cent in September quarter.
Interest grew by 204.84 per cent y-o-y to Rs 1.89 crore, while Taxation increased by 0.00 per cent at Rs 0.03 crore (Sep'23 Rs 0.00 crore).