The company reported standalone net profit of Rs 0.05 crore for the quarter ended December 31, 2024 as compared to Rs 0.26 crore in the same period last year, registering a year-on-year decline of 80.77 per cent.
Net revenue of the company declined substantially by 39.61 per cent at Rs 15.32 crore in October-December quarter of this fiscal as against Rs 25.37 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 41.39 per cent to Rs 14.97 crore from Rs 25.54 crore in year ago period.
Other Income dipped by 51.11 per cent at Rs 0.44 crore versus (Dec'23 Rs 0.90 crore).
Operating Profit surged by 318.75 per cent to Rs 0.35 crore as against Rs -0.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 457.81 per cent in December quarter.
Interest grew by 76.92 per cent y-o-y to Rs 0.69 crore, while Taxation decreased by 88.89 per cent at Rs 0.01 crore (Dec'23 Rs 0.09 crore).