The company reported standalone net profit of Rs 0.04 crore for the quarter ended December 31, 2024 as compared to Rs 0.15 crore in the same period last year, registering a year-on-year decline of 73.33 per cent.
Net revenue of the company declined substantially by 54.62 per cent at Rs 4.42 crore in October-December quarter of this fiscal as against Rs 9.74 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 53.12 per cent to Rs 4.44 crore from Rs 9.47 crore in year ago period.
Operating Profit slipped by 107.14 per cent to Rs -0.02 crore as against Rs 0.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 112.28 per cent in December quarter.
Taxation decreased by 138.46 per cent at Rs -0.05 crore (Dec'23 Rs 0.13 crore).