The company reported standalone net profit of Rs 6.38 crore for the quarter ended December 31, 2024 as compared to Rs 0.49 crore in the same period last year, registering a year-on-year growth of 1202.04 per cent.
Net revenue of the company declined substantially by 42.99 per cent at Rs 17.81 crore in October-December quarter of this fiscal as against Rs 31.24 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 9.60 per cent to Rs 25.04 crore from Rs 27.70 crore in year ago period.
Other Income grew by 95450.00 per cent at Rs 19.11 crore versus (Dec'23 Rs 0.02 crore).
Operating Profit slipped by 305.10 per cent to Rs -7.24 crore as against Rs 3.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 459.42 per cent in December quarter.
Interest grew by 0.83 per cent y-o-y to Rs 2.43 crore, while Taxation increased by 6300.00 per cent at Rs 2.48 crore (Dec'23 Rs -0.04 crore).