The company reported standalone net profit of Rs 0.89 crore for the quarter ended December 31, 2024 as compared to Rs 3.16 crore in the same period last year, registering a year-on-year decline of 71.84 per cent.
Net revenue of the company rose marginally by 4.13 per cent at Rs 88.30 crore in October-December quarter of this fiscal as against Rs 84.80 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 8.57 per cent to Rs 85.60 crore from Rs 78.84 crore in year ago period.
Other Income grew by 1566.67 per cent at Rs 1.00 crore versus (Dec'23 Rs 0.06 crore).
Operating Profit slipped by 54.70 per cent to Rs 2.70 crore as against Rs 5.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 56.47 per cent in December quarter.
Interest grew by 61.43 per cent y-o-y to Rs 1.13 crore, while Taxation decreased by 76.36 per cent at Rs 0.13 crore (Dec'23 Rs 0.55 crore).