The company reported standalone net profit of Rs 7.03 crore for the quarter ended December 31, 2024 as compared to Rs 8.43 crore in the same period last year, registering a year-on-year decline of 16.61 per cent.
Net revenue of the company declined moderately by 8.71 per cent at Rs 11.11 crore in October-December quarter of this fiscal as against Rs 12.17 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 45.52 per cent to Rs 2.13 crore from Rs 3.91 crore in year ago period.
Other Income dipped by 58.01 per cent at Rs 1.31 crore versus (Dec'23 Rs 3.12 crore).
Operating Profit surged by 8.85 per cent to Rs 8.98 crore as against Rs 8.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.17 per cent in December quarter.
Interest grew by 420.00 per cent y-o-y to Rs 0.52 crore, while Taxation decreased by 3.05 per cent at Rs 2.54 crore (Dec'23 Rs 2.62 crore).