The company reported standalone net profit of Rs 1.50 crore for the quarter ended December 31, 2024 as compared to Rs 6.05 crore in the same period last year, registering a year-on-year decline of 75.21 per cent.
Net revenue of the company declined substantially by 72.18 per cent at Rs 44.76 crore in October-December quarter of this fiscal as against Rs 160.87 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 73.47 per cent to Rs 39.70 crore from Rs 149.67 crore in year ago period.
Other Income dipped by 62.22 per cent at Rs 0.17 crore versus (Dec'23 Rs 0.45 crore).
Operating Profit slipped by 54.82 per cent to Rs 5.06 crore as against Rs 11.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 62.36 per cent in December quarter.
Interest grew by 4.55 per cent y-o-y to Rs 1.38 crore, while Taxation decreased by 96.31 per cent at Rs 0.10 crore (Dec'23 Rs 2.71 crore).