The company reported standalone net profit of Rs 0.06 crore for the quarter ended December 31, 2024 as compared to Rs 0.20 crore in the same period last year, registering a year-on-year decline of 70.00 per cent.
Net revenue of the company declined substantially by 60.09 per cent at Rs 5.60 crore in October-December quarter of this fiscal as against Rs 14.03 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 60.89 per cent to Rs 5.39 crore from Rs 13.78 crore in year ago period.
Operating Profit slipped by 12.00 per cent to Rs 0.22 crore as against Rs 0.25 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 116.29 per cent in December quarter.
Interest declined by 33.33 per cent y-o-y to Rs 0.14 crore, while Taxation increased by 100.00 per cent at Rs 0.02 crore (Dec'23 Rs 0.01 crore).