The company reported standalone net profit of Rs 0.43 crore for the quarter ended December 31, 2024 as compared to Rs 1.62 crore in the same period last year, registering a year-on-year decline of 73.46 per cent.
Net revenue of the company declined substantially by 62.39 per cent at Rs 1.26 crore in October-December quarter of this fiscal as against Rs 3.35 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 38.10 per cent to Rs 0.29 crore from Rs 0.21 crore in year ago period.
Operating Profit slipped by 69.01 per cent to Rs 0.97 crore as against Rs 3.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.60 per cent in December quarter.
Interest declined by 65.35 per cent y-o-y to Rs 0.35 crore, while Taxation decreased by 62.00 per cent at Rs 0.19 crore (Dec'23 Rs 0.50 crore).