The company reported standalone net profit of Rs 0.30 crore for the quarter ended September 30, 2024 as compared to Rs 0.97 crore in the same period last year, registering a year-on-year decline of 69.07 per cent.
Net revenue of the company declined moderately by 19.38 per cent at Rs 8.90 crore in July-September quarter of this fiscal as against Rs 11.04 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 11.30 per cent to Rs 8.56 crore from Rs 9.65 crore in year ago period.
Other Income grew by 533.33 per cent at Rs 0.19 crore versus (Sep'23 Rs 0.03 crore).
Operating Profit slipped by 75.54 per cent to Rs 0.34 crore as against Rs 1.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 69.79 per cent in September quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 68.75 per cent at Rs 0.10 crore (Sep'23 Rs 0.32 crore).