The company reported standalone net profit of Rs 0.19 crore for the quarter ended September 30, 2024 as compared to Rs 0.58 crore in the same period last year, registering a year-on-year decline of 67.24 per cent.
Net revenue of the company declined substantially by 21.84 per cent at Rs 18.00 crore in July-September quarter of this fiscal as against Rs 23.03 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 20.47 per cent to Rs 17.44 crore from Rs 21.93 crore in year ago period.
Operating Profit slipped by 49.55 per cent to Rs 0.56 crore as against Rs 1.11 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 35.42 per cent in September quarter.
Interest declined by 3.33 per cent y-o-y to Rs 0.29 crore, while Taxation decreased by 65.00 per cent at Rs 0.07 crore (Sep'23 Rs 0.20 crore).