The company reported standalone net profit of Rs 1.63 crore for the quarter ended December 31, 2024 as compared to Rs 5.13 crore in the same period last year, registering a year-on-year decline of 68.23 per cent.
Net revenue of the company rose substantially by 29.79 per cent at Rs 84.61 crore in October-December quarter of this fiscal as against Rs 65.19 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 42.74 per cent to Rs 77.82 crore from Rs 54.52 crore in year ago period.
Other Income grew by 42.11 per cent at Rs 0.54 crore versus (Dec'23 Rs 0.38 crore).
Operating Profit slipped by 36.36 per cent to Rs 6.79 crore as against Rs 10.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.95 per cent in December quarter.
Interest grew by 27.37 per cent y-o-y to Rs 2.42 crore, while Taxation decreased by 65.74 per cent at Rs 0.74 crore (Dec'23 Rs 2.16 crore).