The company reported standalone net profit of Rs 0.84 crore for the quarter ended September 30, 2024 as compared to Rs 1.90 crore in the same period last year, registering a year-on-year decline of 55.79 per cent.
Net revenue of the company declined moderately by 10.62 per cent at Rs 18.68 crore in July-September quarter of this fiscal as against Rs 20.90 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 0.80 per cent to Rs 17.29 crore from Rs 17.43 crore in year ago period.
Other Income grew by 68.57 per cent at Rs 0.59 crore versus (Sep'23 Rs 0.35 crore).
Operating Profit slipped by 59.94 per cent to Rs 1.39 crore as against Rs 3.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 55.09 per cent in September quarter.
Interest declined by 32.26 per cent y-o-y to Rs 0.21 crore, while Taxation decreased by 84.93 per cent at Rs 0.11 crore (Sep'23 Rs 0.73 crore).