The company reported standalone net profit of Rs 0.76 crore for the quarter ended December 31, 2024 as compared to Rs 68.78 crore in the same period last year, registering a year-on-year decline of 98.90 per cent.
Net revenue of the company declined substantially by 97.92 per cent at Rs 38.15 crore in October-December quarter of this fiscal as against Rs 1,834.18 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 97.55 per cent to Rs 43.63 crore from Rs 1,779.48 crore in year ago period.
Other Income dipped by 47.38 per cent at Rs 7.43 crore versus (Dec'23 Rs 14.12 crore).
Operating Profit slipped by 110.02 per cent to Rs -5.48 crore as against Rs 54.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 581.88 per cent in December quarter.
Interest grew by 2833.33 per cent y-o-y to Rs 0.88 crore, while Taxation increased by 0.00 per cent at Rs 0.29 crore (Dec'23 Rs 0.00 crore).