The company reported standalone net profit of Rs 1.21 crore for the quarter ended December 31, 2024 as compared to Rs 1.47 crore in the same period last year, registering a year-on-year decline of 17.69 per cent.
Net revenue of the company declined substantially by 20.70 per cent at Rs 18.16 crore in October-December quarter of this fiscal as against Rs 22.90 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 22.25 per cent to Rs 16.21 crore from Rs 20.85 crore in year ago period.
Other Income grew by 145.45 per cent at Rs 0.27 crore versus (Dec'23 Rs 0.11 crore).
Operating Profit slipped by 4.88 per cent to Rs 1.95 crore as against Rs 2.05 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 19.62 per cent in December quarter.
Interest declined by 42.86 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 152.17 per cent at Rs 0.58 crore (Dec'23 Rs 0.23 crore).