The company reported standalone net profit of Rs 2.62 crore for the quarter ended December 31, 2024 as compared to Rs 6.56 crore in the same period last year, registering a year-on-year decline of 60.06 per cent.
Net revenue of the company declined substantially by 43.55 per cent at Rs 4.33 crore in October-December quarter of this fiscal as against Rs 7.67 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 114.38 per cent to Rs -0.63 crore from Rs 4.38 crore in year ago period.
Operating Profit slipped by 54.12 per cent to Rs 4.96 crore as against Rs 10.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 18.75 per cent in December quarter.
Interest declined by 16.47 per cent y-o-y to Rs 1.42 crore, while Taxation decreased by 64.17 per cent at Rs 0.91 crore (Dec'23 Rs 2.54 crore).