The company reported standalone net profit of Rs 5.24 crore for the quarter ended December 31, 2024 as compared to Rs 9.37 crore in the same period last year, registering a year-on-year decline of 44.08 per cent.
Net revenue of the company declined moderately by 16.72 per cent at Rs 52.51 crore in October-December quarter of this fiscal as against Rs 63.05 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 12.45 per cent to Rs 43.90 crore from Rs 50.14 crore in year ago period.
Other Income grew by 6.91 per cent at Rs 4.95 crore versus (Dec'23 Rs 4.63 crore).
Operating Profit slipped by 33.31 per cent to Rs 8.61 crore as against Rs 12.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.88 per cent in December quarter.
Interest grew by 120.00 per cent y-o-y to Rs 0.11 crore, while Taxation decreased by 43.12 per cent at Rs 1.86 crore (Dec'23 Rs 3.27 crore).