The company reported standalone net profit of Rs 1.73 crore for the quarter ended December 31, 2024 as compared to Rs 2.38 crore in the same period last year, registering a year-on-year decline of 27.31 per cent.
Net revenue of the company rose substantially by 45.65 per cent at Rs 37.30 crore in October-December quarter of this fiscal as against Rs 25.61 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 59.32 per cent to Rs 34.89 crore from Rs 21.90 crore in year ago period.
Other Income grew by 381.25 per cent at Rs 0.45 crore versus (Dec'23 Rs -0.16 crore).
Operating Profit slipped by 35.04 per cent to Rs 2.41 crore as against Rs 3.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 55.52 per cent in December quarter.
Interest grew by 3.45 per cent y-o-y to Rs 0.90 crore