The company reported standalone net profit of Rs 1.77 crore for the quarter ended December 31, 2024 as compared to Rs 2.00 crore in the same period last year, registering a year-on-year decline of 11.50 per cent.
Net revenue of the company rose moderately by 19.32 per cent at Rs 55.28 crore in October-December quarter of this fiscal as against Rs 46.33 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 21.93 per cent to Rs 51.60 crore from Rs 42.32 crore in year ago period.
Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Dec'23 Rs 0.03 crore).
Operating Profit slipped by 8.46 per cent to Rs 3.68 crore as against Rs 4.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.18 per cent in December quarter.
Interest grew by 20.75 per cent y-o-y to Rs 0.64 crore, while Taxation decreased by 28.36 per cent at Rs 0.48 crore (Dec'23 Rs 0.67 crore).