The company reported standalone net profit of Rs 0.06 crore for the quarter ended December 31, 2024 as compared to Rs 0.44 crore in the same period last year, registering a year-on-year decline of 86.36 per cent.
Net revenue of the company declined substantially by 45.95 per cent at Rs 9.48 crore in October-December quarter of this fiscal as against Rs 17.54 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 45.53 per cent to Rs 9.14 crore from Rs 16.78 crore in year ago period.
Other Income grew by 100.00 per cent at Rs 0.04 crore versus (Dec'23 Rs 0.02 crore).
Operating Profit slipped by 55.84 per cent to Rs 0.34 crore as against Rs 0.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.93 per cent in December quarter.
Interest declined by 20.00 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 0.00 per cent at Rs 0.01 crore (Dec'23 Rs 0.00 crore).