The company reported standalone net profit of Rs 0.05 crore for the quarter ended December 31, 2024 as compared to Rs 0.45 crore in the same period last year, registering a year-on-year decline of 88.89 per cent.
Net revenue of the company rose substantially by 65.51 per cent at Rs 11.90 crore in October-December quarter of this fiscal as against Rs 7.19 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 83.69 per cent to Rs 6.08 crore from Rs 3.31 crore in year ago period.
Other Income grew by 800.00 per cent at Rs 0.09 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit surged by 50.13 per cent to Rs 5.81 crore as against Rs 3.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.33 per cent in December quarter.
Interest grew by 80.72 per cent y-o-y to Rs 4.50 crore, while Taxation decreased by 57.14 per cent at Rs 0.09 crore (Dec'23 Rs 0.21 crore).