The company reported standalone net profit of Rs 2.10 crore for the quarter ended December 31, 2024 as compared to Rs 2.50 crore in the same period last year, registering a year-on-year decline of 16.00 per cent.
Net revenue of the company rose moderately by 18.72 per cent at Rs 40.71 crore in October-December quarter of this fiscal as against Rs 34.29 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 25.51 per cent to Rs 34.98 crore from Rs 27.87 crore in year ago period.
Other Income grew by 172.73 per cent at Rs 0.90 crore versus (Dec'23 Rs 0.33 crore).
Operating Profit slipped by 10.75 per cent to Rs 5.73 crore as against Rs 6.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.75 per cent in December quarter.
Interest grew by 18.79 per cent y-o-y to Rs 1.96 crore, while Taxation decreased by 15.09 per cent at Rs 0.45 crore (Dec'23 Rs 0.53 crore).