The company reported standalone net profit of Rs 3.14 crore for the quarter ended December 31, 2024 as compared to Rs 10.29 crore in the same period last year, registering a year-on-year decline of 69.48 per cent.
Net revenue of the company declined substantially by 29.60 per cent at Rs 56.76 crore in October-December quarter of this fiscal as against Rs 80.63 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 21.23 per cent to Rs 53.54 crore from Rs 67.97 crore in year ago period.
Other Income dipped by 5.56 per cent at Rs 1.02 crore versus (Dec'23 Rs 1.08 crore).
Operating Profit slipped by 74.57 per cent to Rs 3.22 crore as against Rs 12.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 63.82 per cent in December quarter.
Taxation decreased by 68.91 per cent at Rs 1.06 crore (Dec'23 Rs 3.41 crore).