The company reported standalone net profit of Rs 26.63 crore for the quarter ended December 31, 2024 as compared to Rs 16.52 crore in the same period last year, registering a year-on-year growth of 61.20 per cent.
Net revenue of the company declined substantially by 73.91 per cent at Rs 31.90 crore in October-December quarter of this fiscal as against Rs 122.27 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 71.80 per cent to Rs 34.61 crore from Rs 122.74 crore in year ago period.
Other Income dipped by 2.37 per cent at Rs 28.40 crore versus (Dec'23 Rs 29.09 crore).
Operating Profit surged by 466.67 per cent to Rs -2.72 crore as against Rs -0.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2084.62 per cent in December quarter.
Interest grew by 34.97 per cent y-o-y to Rs 2.20 crore, while Taxation decreased by 148.30 per cent at Rs -4.25 crore (Dec'23 Rs 8.80 crore).