The company reported standalone net profit of Rs 2.30 crore for the quarter ended March 31, 2025 as compared to Rs 4.36 crore in the same period last year, registering a year-on-year decline of 47.25 per cent.
Net revenue of the company declined substantially by 23.38 per cent at Rs 61.81 crore in January-March quarter of this fiscal as against Rs 80.67 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 21.63 per cent to Rs 57.93 crore from Rs 73.92 crore in year ago period.
Other Income grew by 31.58 per cent at Rs 0.25 crore versus (Mar'24 Rs 0.19 crore).
Operating Profit slipped by 42.67 per cent to Rs 3.87 crore as against Rs 6.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.09 per cent in March quarter.
Interest declined by 21.25 per cent y-o-y to Rs 0.63 crore, while Taxation decreased by 38.00 per cent at Rs 0.93 crore (Mar'24 Rs 1.50 crore).