The company reported standalone net profit of Rs 0.38 crore for the quarter ended December 31, 2024 as compared to Rs 4.45 crore in the same period last year, registering a year-on-year decline of 91.46 per cent.
Net revenue of the company declined substantially by 37.30 per cent at Rs 253.32 crore in October-December quarter of this fiscal as against Rs 404.01 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 36.92 per cent to Rs 251.10 crore from Rs 398.06 crore in year ago period.
Other Income dipped by 7.22 per cent at Rs 2.57 crore versus (Dec'23 Rs 2.77 crore).
Operating Profit slipped by 62.69 per cent to Rs 2.22 crore as against Rs 5.95 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.14 per cent in December quarter.
Interest grew by 58.33 per cent y-o-y to Rs 4.18 crore, while Taxation decreased by 91.33 per cent at Rs 0.13 crore (Dec'23 Rs 1.50 crore).