The company reported standalone net profit of Rs 0.28 crore for the quarter ended December 31, 2024 as compared to Rs 0.31 crore in the same period last year, registering a year-on-year decline of 9.68 per cent.
Net revenue of the company rose moderately by 10.09 per cent at Rs 70.47 crore in October-December quarter of this fiscal as against Rs 64.01 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 10.93 per cent to Rs 69.21 crore from Rs 62.39 crore in year ago period.
Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Dec'23 Rs 0.04 crore).
Operating Profit slipped by 21.60 per cent to Rs 1.27 crore as against Rs 1.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.13 per cent in December quarter.
Interest declined by 56.52 per cent y-o-y to Rs 0.30 crore, while Taxation increased by 45.45 per cent at Rs 0.16 crore (Dec'23 Rs 0.11 crore).