The company reported standalone net profit of Rs 1.77 crore for the quarter ended December 31, 2024 as compared to Rs 1.46 crore in the same period last year, registering a year-on-year growth of 21.23 per cent.
Net revenue of the company declined substantially by 60.38 per cent at Rs 5.40 crore in October-December quarter of this fiscal as against Rs 13.63 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 26.32 per cent to Rs 0.14 crore from Rs 0.19 crore in year ago period.
Operating Profit slipped by 60.86 per cent to Rs 5.26 crore as against Rs 13.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.14 per cent in December quarter.
Interest declined by 75.11 per cent y-o-y to Rs 2.84 crore, while Taxation increased by 10.42 per cent at Rs 0.53 crore (Dec'23 Rs 0.48 crore).