The company reported standalone net profit of Rs 3.07 crore for the quarter ended December 31, 2024 as compared to Rs 5.32 crore in the same period last year, registering a year-on-year decline of 42.29 per cent.
Net revenue of the company declined moderately by 9.47 per cent at Rs 88.76 crore in October-December quarter of this fiscal as against Rs 98.04 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 6.10 per cent to Rs 82.72 crore from Rs 88.09 crore in year ago period.
Other Income grew by 22.11 per cent at Rs 1.16 crore versus (Dec'23 Rs 0.95 crore).
Operating Profit slipped by 39.24 per cent to Rs 6.04 crore as against Rs 9.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.94 per cent in December quarter.
Interest declined by 14.02 per cent y-o-y to Rs 1.41 crore, while Taxation decreased by 66.67 per cent at Rs 0.61 crore (Dec'23 Rs 1.83 crore).