The company reported standalone net profit of Rs 0.14 crore for the quarter ended September 30, 2024 as compared to Rs 0.20 crore in the same period last year, registering a year-on-year decline of 30.00 per cent.
Net revenue of the company declined moderately by 15.22 per cent at Rs 1.95 crore in July-September quarter of this fiscal as against Rs 2.30 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 12.69 per cent to Rs 1.72 crore from Rs 1.97 crore in year ago period.
Other Income grew by 6.67 per cent at Rs 0.16 crore versus (Sep'23 Rs 0.15 crore).
Operating Profit slipped by 33.33 per cent to Rs 0.22 crore as against Rs 0.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.52 per cent in September quarter.
Interest declined by 9.09 per cent y-o-y to Rs 0.10 crore, while Taxation decreased by 25.00 per cent at Rs 0.03 crore (Sep'23 Rs 0.04 crore).