The company reported standalone net profit of Rs 1.31 crore for the quarter ended December 31, 2024 as compared to Rs 10.21 crore in the same period last year, registering a year-on-year decline of 87.17 per cent.
Net revenue of the company declined substantially by 62.96 per cent at Rs 8.60 crore in October-December quarter of this fiscal as against Rs 23.22 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 12.61 per cent to Rs 6.10 crore from Rs 6.98 crore in year ago period.
Other Income grew by 54.24 per cent at Rs 0.91 crore versus (Dec'23 Rs 0.59 crore).
Operating Profit slipped by 84.55 per cent to Rs 2.51 crore as against Rs 16.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 58.36 per cent in December quarter.
Interest grew by 19.15 per cent y-o-y to Rs 1.12 crore, while Taxation decreased by 91.46 per cent at Rs 0.44 crore (Dec'23 Rs 5.15 crore).