The company reported standalone net profit of Rs 15.92 crore for the quarter ended December 31, 2024 as compared to Rs 1.40 crore in the same period last year, registering a year-on-year growth of 1037.14 per cent.
Net revenue of the company declined substantially by 97.53 per cent at Rs 1.26 crore in October-December quarter of this fiscal as against Rs 50.98 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 94.59 per cent to Rs 2.58 crore from Rs 47.70 crore in year ago period.
Other Income grew by 3381.63 per cent at Rs 17.06 crore versus (Dec'23 Rs 0.49 crore).
Operating Profit slipped by 140.24 per cent to Rs -1.32 crore as against Rs 3.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1726.13 per cent in December quarter.
Interest declined by 23.64 per cent y-o-y to Rs 0.84 crore, while Taxation decreased by 216.22 per cent at Rs -1.29 crore (Dec'23 Rs 1.11 crore).