The company reported standalone net profit of Rs 3.00 crore for the quarter ended December 31, 2024 as compared to Rs 50.00 crore in the same period last year, registering a year-on-year decline of 94.00 per cent.
Net revenue of the company declined substantially by 24.19 per cent at Rs 517.00 crore in October-December quarter of this fiscal as against Rs 682.00 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 24.01 per cent to Rs 500.00 crore from Rs 658.00 crore in year ago period.
Other Income dipped by 74.58 per cent at Rs 15.00 crore versus (Dec'23 Rs 59.00 crore).
Operating Profit slipped by 29.17 per cent to Rs 17.00 crore as against Rs 24.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.53 per cent in December quarter.
Interest declined by 50.00 per cent y-o-y to Rs 1.00 crore, while Taxation decreased by 41.67 per cent at Rs 7.00 crore (Dec'23 Rs 12.00 crore).