The company reported standalone net profit of Rs 4.16 crore for the quarter ended December 31, 2024 as compared to Rs 5.59 crore in the same period last year, registering a year-on-year decline of 25.58 per cent.
Net revenue of the company declined substantially by 20.51 per cent at Rs 39.25 crore in October-December quarter of this fiscal as against Rs 49.38 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 18.43 per cent to Rs 32.53 crore from Rs 39.88 crore in year ago period.
Other Income dipped by 22.22 per cent at Rs 0.70 crore versus (Dec'23 Rs 0.90 crore).
Operating Profit slipped by 29.26 per cent to Rs 6.72 crore as against Rs 9.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.02 per cent in December quarter.
Interest declined by 7.53 per cent y-o-y to Rs 0.86 crore, while Taxation decreased by 24.86 per cent at Rs 1.36 crore (Dec'23 Rs 1.81 crore).