The company reported standalone net profit of Rs 0.04 crore for the quarter ended December 31, 2024 as compared to Rs 1.44 crore in the same period last year, registering a year-on-year decline of 97.22 per cent.
Net revenue of the company declined moderately by 19.72 per cent at Rs 61.35 crore in October-December quarter of this fiscal as against Rs 76.42 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 17.97 per cent to Rs 57.78 crore from Rs 70.44 crore in year ago period.
Other Income dipped by 93.33 per cent at Rs 0.01 crore versus (Dec'23 Rs 0.15 crore).
Operating Profit slipped by 40.30 per cent to Rs 3.57 crore as against Rs 5.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.67 per cent in December quarter.
Interest declined by 33.73 per cent y-o-y to Rs 2.20 crore, while Taxation decreased by 51.06 per cent at Rs 0.23 crore (Dec'23 Rs 0.47 crore).