The company reported standalone net profit of Rs 1.14 crore for the quarter ended December 31, 2024 as compared to Rs 0.02 crore in the same period last year, registering a year-on-year growth of 5600.00 per cent.
Net revenue of the company declined moderately by 19.92 per cent at Rs 42.05 crore in October-December quarter of this fiscal as against Rs 52.51 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 23.50 per cent to Rs 38.03 crore from Rs 49.71 crore in year ago period.
Operating Profit surged by 43.57 per cent to Rs 4.02 crore as against Rs 2.80 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.17 per cent in December quarter.
Interest declined by 3.45 per cent y-o-y to Rs 1.40 crore, while Taxation decreased by 92.86 per cent at Rs 0.01 crore (Dec'23 Rs 0.14 crore).