The company reported standalone net profit of Rs 0.88 crore for the quarter ended September 30, 2024 as compared to Rs 1.25 crore in the same period last year, registering a year-on-year decline of 29.60 per cent.
Net revenue of the company declined substantially by 51.22 per cent at Rs 5.20 crore in July-September quarter of this fiscal as against Rs 10.66 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 60.96 per cent to Rs 3.33 crore from Rs 8.53 crore in year ago period.
Operating Profit slipped by 12.21 per cent to Rs 1.87 crore as against Rs 2.13 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.49 per cent in September quarter.
Interest grew by 300.00 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 31.82 per cent at Rs 0.15 crore (Sep'23 Rs 0.22 crore).