The company reported standalone net profit of Rs 3.05 crore for the quarter ended December 31, 2024 as compared to Rs 7.44 crore in the same period last year, registering a year-on-year decline of 59.01 per cent.
Net revenue of the company declined moderately by 14.50 per cent at Rs 182.09 crore in October-December quarter of this fiscal as against Rs 212.97 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 12.29 per cent to Rs 177.27 crore from Rs 202.11 crore in year ago period.
Other Income dipped by 3.29 per cent at Rs 1.47 crore versus (Dec'23 Rs 1.52 crore).
Operating Profit slipped by 55.62 per cent to Rs 4.82 crore as against Rs 10.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.04 per cent in December quarter.
Interest declined by 19.33 per cent y-o-y to Rs 0.96 crore, while Taxation decreased by 61.09 per cent at Rs 1.00 crore (Dec'23 Rs 2.57 crore).