The company reported standalone net profit of Rs 0.94 crore for the quarter ended December 31, 2024 as compared to Rs 8.87 crore in the same period last year, registering a year-on-year decline of 89.40 per cent.
Net revenue of the company declined substantially by 25.20 per cent at Rs 239.14 crore in October-December quarter of this fiscal as against Rs 319.72 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 21.24 per cent to Rs 233.47 crore from Rs 296.42 crore in year ago period.
Other Income grew by 144.65 per cent at Rs 8.00 crore versus (Dec'23 Rs 3.27 crore).
Operating Profit slipped by 75.67 per cent to Rs 5.67 crore as against Rs 23.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 67.49 per cent in December quarter.
Interest declined by 16.71 per cent y-o-y to Rs 9.77 crore, while Taxation decreased by 94.96 per cent at Rs 0.18 crore (Dec'23 Rs 3.57 crore).