The company reported standalone net profit of Rs 0.26 crore for the quarter ended September 30, 2024 as compared to Rs 0.51 crore in the same period last year, registering a year-on-year decline of 49.02 per cent.
Net revenue of the company declined substantially by 26.23 per cent at Rs 38.59 crore in July-September quarter of this fiscal as against Rs 52.31 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 24.55 per cent to Rs 39.04 crore from Rs 51.74 crore in year ago period.
Other Income grew by 322.73 per cent at Rs 0.93 crore versus (Sep'23 Rs 0.22 crore).
Operating Profit slipped by 178.95 per cent to Rs -0.45 crore as against Rs 0.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 207.41 per cent in September quarter.
Taxation decreased by 5.88 per cent at Rs 0.16 crore (Sep'23 Rs 0.17 crore).