The company reported standalone net profit of Rs 0.05 crore for the quarter ended September 30, 2024 as compared to Rs 0.33 crore in the same period last year, registering a year-on-year decline of 84.85 per cent.
Net revenue of the company declined substantially by 41.67 per cent at Rs 2.03 crore in July-September quarter of this fiscal as against Rs 3.48 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 35.31 per cent to Rs 1.96 crore from Rs 3.03 crore in year ago period.
Operating Profit slipped by 84.44 per cent to Rs 0.07 crore as against Rs 0.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 72.11 per cent in September quarter.
Taxation decreased by 90.00 per cent at Rs 0.01 crore (Sep'23 Rs 0.10 crore).