The company reported standalone net profit of Rs 8.40 crore for the quarter ended December 31, 2024 as compared to Rs 10.26 crore in the same period last year, registering a year-on-year decline of 18.13 per cent.
Net revenue of the company declined substantially by 45.57 per cent at Rs 39.04 crore in October-December quarter of this fiscal as against Rs 71.72 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 38.34 per cent to Rs 36.43 crore from Rs 59.08 crore in year ago period.
Other Income grew by 378.54 per cent at Rs 9.81 crore versus (Dec'23 Rs 2.05 crore).
Operating Profit slipped by 79.35 per cent to Rs 2.61 crore as against Rs 12.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 62.03 per cent in December quarter.
Interest declined by 57.58 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 212.04 per cent at Rs 3.37 crore (Dec'23 Rs 1.08 crore).