The company reported standalone net profit of Rs 2.48 crore for the quarter ended December 31, 2024 as compared to Rs 2.71 crore in the same period last year, registering a year-on-year decline of 8.49 per cent.
Net revenue of the company declined moderately by 17.32 per cent at Rs 12.36 crore in October-December quarter of this fiscal as against Rs 14.95 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 3.23 per cent to Rs 15.27 crore from Rs 15.78 crore in year ago period.
Other Income grew by 11.83 per cent at Rs 6.24 crore versus (Dec'23 Rs 5.58 crore).
Operating Profit surged by 246.43 per cent to Rs -2.91 crore as against Rs -0.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 320.36 per cent in December quarter.
Taxation decreased by 66.90 per cent at Rs 0.48 crore (Dec'23 Rs 1.45 crore).