The company reported standalone net profit of Rs 0.46 crore for the quarter ended December 31, 2024 as compared to Rs 1.16 crore in the same period last year, registering a year-on-year decline of 60.34 per cent.
Net revenue of the company rose substantially by 59.58 per cent at Rs 28.31 crore in October-December quarter of this fiscal as against Rs 17.74 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 67.31 per cent to Rs 27.64 crore from Rs 16.52 crore in year ago period.
Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Dec'23 Rs 0.01 crore).
Operating Profit slipped by 45.53 per cent to Rs 0.67 crore as against Rs 1.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 65.85 per cent in December quarter.
Interest grew by 100.00 per cent y-o-y to Rs 0.02 crore, while Taxation increased by 0.00 per cent at Rs 0.12 crore (Dec'23 Rs 0.00 crore).