The company reported standalone net profit of Rs 1.12 crore for the quarter ended December 31, 2024 as compared to Rs 12.28 crore in the same period last year, registering a year-on-year decline of 90.88 per cent.
Net revenue of the company declined substantially by 45.41 per cent at Rs 1.13 crore in October-December quarter of this fiscal as against Rs 2.07 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 93.38 per cent to Rs -0.70 crore from Rs -10.58 crore in year ago period.
Other Income dipped by 44.44 per cent at Rs 0.05 crore versus (Dec'23 Rs 0.09 crore).
Operating Profit slipped by 85.45 per cent to Rs 1.84 crore as against Rs 12.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 73.45 per cent in December quarter.
Interest grew by 38.46 per cent y-o-y to Rs 0.36 crore, while Taxation increased by 110.53 per cent at Rs 0.40 crore (Dec'23 Rs 0.19 crore).