The company reported standalone net profit of Rs 0.58 crore for the quarter ended December 31, 2024 as compared to Rs 2.07 crore in the same period last year, registering a year-on-year decline of 71.98 per cent.
Net revenue of the company declined substantially by 86.14 per cent at Rs 4.20 crore in October-December quarter of this fiscal as against Rs 30.30 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 90.96 per cent to Rs 2.45 crore from Rs 27.11 crore in year ago period.
Other Income dipped by 24.51 per cent at Rs 0.77 crore versus (Dec'23 Rs 1.02 crore).
Operating Profit slipped by 45.14 per cent to Rs 1.75 crore as against Rs 3.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 296.49 per cent in December quarter.
Interest declined by 26.36 per cent y-o-y to Rs 0.81 crore, while Taxation decreased by 74.58 per cent at Rs 0.15 crore (Dec'23 Rs 0.59 crore).