The company reported standalone net profit of Rs 2.94 crore for the quarter ended December 31, 2024 as compared to Rs 0.76 crore in the same period last year, registering a year-on-year growth of 286.84 per cent.
Net revenue of the company declined substantially by 29.27 per cent at Rs 39.25 crore in October-December quarter of this fiscal as against Rs 55.49 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 35.71 per cent to Rs 34.17 crore from Rs 53.15 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.45 crore versus (Dec'23 Rs 0.00 crore).
Operating Profit surged by 117.09 per cent to Rs 5.08 crore as against Rs 2.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 206.64 per cent in December quarter.
Interest grew by 5.30 per cent y-o-y to Rs 1.39 crore, while Taxation increased by 0.00 per cent at Rs 0.83 crore (Dec'23 Rs 0.00 crore).