The company reported standalone net profit of Rs 3.57 crore for the quarter ended December 31, 2024 as compared to Rs 4.74 crore in the same period last year, registering a year-on-year decline of 24.68 per cent.
Net revenue of the company declined moderately by 8.45 per cent at Rs 198.16 crore in October-December quarter of this fiscal as against Rs 216.44 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 8.54 per cent to Rs 186.63 crore from Rs 204.05 crore in year ago period.
Other Income grew by 347.62 per cent at Rs 0.94 crore versus (Dec'23 Rs 0.21 crore).
Operating Profit slipped by 7.02 per cent to Rs 11.52 crore as against Rs 12.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.75 per cent in December quarter.
Interest grew by 6.23 per cent y-o-y to Rs 3.92 crore