The company reported standalone net profit of Rs 0.08 crore for the quarter ended December 31, 2024 as compared to Rs 0.18 crore in the same period last year, registering a year-on-year decline of 55.56 per cent.
Net revenue of the company rose substantially by 20.04 per cent at Rs 19.05 crore in October-December quarter of this fiscal as against Rs 15.87 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 20.96 per cent to Rs 17.83 crore from Rs 14.74 crore in year ago period.
Operating Profit surged by 8.85 per cent to Rs 1.23 crore as against Rs 1.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.42 per cent in December quarter.
Interest grew by 8.82 per cent y-o-y to Rs 0.37 crore, while Taxation increased by 100.00 per cent at Rs 0.02 crore (Dec'23 Rs 0.01 crore).