The company reported standalone net profit of Rs 0.05 crore for the quarter ended December 31, 2024 as compared to Rs 2.73 crore in the same period last year, registering a year-on-year decline of 98.17 per cent.
Net revenue of the company declined substantially by 83.04 per cent at Rs 3.05 crore in October-December quarter of this fiscal as against Rs 17.98 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 81.22 per cent to Rs 2.61 crore from Rs 13.90 crore in year ago period.
Other Income dipped by 66.67 per cent at Rs 0.14 crore versus (Dec'23 Rs 0.42 crore).
Operating Profit slipped by 89.22 per cent to Rs 0.44 crore as against Rs 4.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.10 per cent in December quarter.
Interest declined by 43.18 per cent y-o-y to Rs 0.25 crore, while Taxation decreased by 98.10 per cent at Rs 0.02 crore (Dec'23 Rs 1.05 crore).