The company reported standalone net profit of Rs 1.51 crore for the quarter ended December 31, 2024 as compared to Rs 5.19 crore in the same period last year, registering a year-on-year decline of 70.91 per cent.
Net revenue of the company declined substantially by 47.64 per cent at Rs 25.21 crore in October-December quarter of this fiscal as against Rs 48.15 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 45.00 per cent to Rs 22.50 crore from Rs 40.91 crore in year ago period.
Other Income grew by 2200.00 per cent at Rs 0.23 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit slipped by 62.57 per cent to Rs 2.71 crore as against Rs 7.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.39 per cent in December quarter.
Interest grew by 1.15 per cent y-o-y to Rs 0.88 crore, while Taxation decreased by 71.43 per cent at Rs 0.26 crore (Dec'23 Rs 0.91 crore).