The company reported standalone net profit of Rs 1.74 crore for the quarter ended December 31, 2024 as compared to Rs 0.49 crore in the same period last year, registering a year-on-year growth of 255.10 per cent.
Net revenue of the company declined moderately by 12.13 per cent at Rs 11.16 crore in October-December quarter of this fiscal as against Rs 12.70 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 10.95 per cent to Rs 11.06 crore from Rs 12.42 crore in year ago period.
Other Income grew by 183.50 per cent at Rs 2.92 crore versus (Dec'23 Rs 1.03 crore).
Operating Profit slipped by 64.29 per cent to Rs 0.10 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 60.45 per cent in December quarter.
Interest grew by 39.02 per cent y-o-y to Rs 0.57 crore, while Taxation increased by 110.71 per cent at Rs 0.59 crore (Dec'23 Rs 0.28 crore).