The company reported standalone net profit of Rs 0.07 crore for the quarter ended September 30, 2024 as compared to Rs 0.33 crore in the same period last year, registering a year-on-year decline of 78.79 per cent.
Net revenue of the company declined moderately by 18.34 per cent at Rs 10.55 crore in July-September quarter of this fiscal as against Rs 12.92 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 17.33 per cent to Rs 10.16 crore from Rs 12.29 crore in year ago period.
Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Sep'23 Rs 0.01 crore).
Operating Profit slipped by 38.10 per cent to Rs 0.39 crore as against Rs 0.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.54 per cent in September quarter.
Interest grew by 5.88 per cent y-o-y to Rs 0.18 crore, while Taxation increased by 0.00 per cent at Rs 0.02 crore (Sep'23 Rs 0.00 crore).