The company reported standalone net profit of Rs 0.16 crore for the quarter ended December 31, 2024 as compared to Rs 0.46 crore in the same period last year, registering a year-on-year decline of 65.22 per cent.
Net revenue of the company rose substantially by 26.57 per cent at Rs 41.02 crore in October-December quarter of this fiscal as against Rs 32.41 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 27.52 per cent to Rs 40.87 crore from Rs 32.05 crore in year ago period.
Other Income grew by 990.91 per cent at Rs 1.20 crore versus (Dec'23 Rs 0.11 crore).
Operating Profit slipped by 58.33 per cent to Rs 0.15 crore as against Rs 0.36 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 67.27 per cent in December quarter.
Interest grew by 677.78 per cent y-o-y to Rs 0.52 crore, while Taxation increased by 1700.00 per cent at Rs 0.16 crore (Dec'23 Rs -0.01 crore).