The company reported standalone net profit of Rs 1.56 crore for the quarter ended December 31, 2024 as compared to Rs 1.82 crore in the same period last year, registering a year-on-year decline of 14.29 per cent.
Net revenue of the company rose moderately by 12.38 per cent at Rs 30.22 crore in October-December quarter of this fiscal as against Rs 26.89 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 17.17 per cent to Rs 28.19 crore from Rs 24.06 crore in year ago period.
Other Income grew by 4400.00 per cent at Rs 0.45 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit slipped by 28.27 per cent to Rs 2.03 crore as against Rs 2.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.22 per cent in December quarter.
Interest grew by 111.76 per cent y-o-y to Rs 0.36 crore, while Taxation decreased by 75.41 per cent at Rs 0.15 crore (Dec'23 Rs 0.61 crore).