The company reported standalone net profit of Rs 0.34 crore for the quarter ended December 31, 2024 as compared to Rs 2.88 crore in the same period last year, registering a year-on-year decline of 88.19 per cent.
Net revenue of the company declined substantially by 54.52 per cent at Rs 33.56 crore in October-December quarter of this fiscal as against Rs 73.79 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 51.96 per cent to Rs 33.75 crore from Rs 70.25 crore in year ago period.
Other Income dipped by 33.93 per cent at Rs 0.74 crore versus (Dec'23 Rs 1.12 crore).
Operating Profit slipped by 105.37 per cent to Rs -0.19 crore as against Rs 3.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 111.67 per cent in December quarter.
Interest declined by 107.14 per cent y-o-y to Rs -0.05 crore, while Taxation decreased by 88.78 per cent at Rs 0.11 crore (Dec'23 Rs 0.98 crore).