The company reported standalone net profit of Rs 0.63 crore for the quarter ended December 31, 2024 as compared to Rs 31.24 crore in the same period last year, registering a year-on-year decline of 97.98 per cent.
Net revenue of the company declined moderately by 12.27 per cent at Rs 93.20 crore in October-December quarter of this fiscal as against Rs 106.24 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 20.81 per cent to Rs 75.94 crore from Rs 62.86 crore in year ago period.
Other Income grew by 3.33 per cent at Rs 0.62 crore versus (Dec'23 Rs 0.60 crore).
Operating Profit slipped by 60.24 per cent to Rs 17.25 crore as against Rs 43.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 54.67 per cent in December quarter.
Interest grew by 91.31 per cent y-o-y to Rs 13.43 crore