The company reported standalone net profit of Rs 5.47 crore for the quarter ended September 30, 2024 as compared to Rs 20.70 crore in the same period last year, registering a year-on-year decline of 73.57 per cent.
Net revenue of the company declined substantially by 79.47 per cent at Rs 6.32 crore in July-September quarter of this fiscal as against Rs 30.79 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 6.56 per cent to Rs 6.41 crore from Rs 6.86 crore in year ago period.
Other Income grew by 54.62 per cent at Rs 8.04 crore versus (Sep'23 Rs 5.20 crore).
Operating Profit slipped by 100.38 per cent to Rs -0.09 crore as against Rs 23.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 101.87 per cent in September quarter.
Interest declined by 6.45 per cent y-o-y to Rs 0.58 crore, while Taxation decreased by 84.63 per cent at Rs 1.11 crore (Sep'23 Rs 7.22 crore).