The company reported standalone net profit of Rs 0.22 crore for the quarter ended December 31, 2024 as compared to Rs 1.15 crore in the same period last year, registering a year-on-year decline of 80.87 per cent.

Net revenue of the company rose substantially by 25.08 per cent at Rs 8.23 crore in October-December quarter of this fiscal as against Rs 6.58 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 36.07 per cent to Rs 7.96 crore from Rs 5.85 crore in year ago period.

Other Income dipped by 95.24 per cent at Rs 0.05 crore versus (Dec'23 Rs 1.05 crore).

Operating Profit slipped by 63.51 per cent to Rs 0.27 crore as against Rs 0.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 70.89 per cent in December quarter.

Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation decreased by 104.08 per cent at Rs -0.02 crore (Dec'23 Rs 0.49 crore).