The company reported standalone net profit of Rs 0.05 crore for the quarter ended September 30, 2024 as compared to Rs 0.39 crore in the same period last year, registering a year-on-year decline of 87.18 per cent.
Net revenue of the company rose moderately by 10.81 per cent at Rs 35.66 crore in July-September quarter of this fiscal as against Rs 32.18 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 12.06 per cent to Rs 35.69 crore from Rs 31.85 crore in year ago period.
Other Income grew by 20.00 per cent at Rs 0.12 crore versus (Sep'23 Rs 0.10 crore).
Operating Profit slipped by 109.38 per cent to Rs -0.03 crore as against Rs 0.32 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 110.00 per cent in September quarter.