The company reported standalone net profit of Rs 1.17 crore for the quarter ended December 31, 2024 as compared to Rs 2.03 crore in the same period last year, registering a year-on-year decline of 42.36 per cent.

Net revenue of the company rose substantially by 40.86 per cent at Rs 63.22 crore in October-December quarter of this fiscal as against Rs 44.88 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 49.46 per cent to Rs 59.53 crore from Rs 39.83 crore in year ago period.

Other Income dipped by 15.60 per cent at Rs 1.84 crore versus (Dec'23 Rs 2.18 crore).

Operating Profit slipped by 26.93 per cent to Rs 3.69 crore as against Rs 5.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.22 per cent in December quarter.

Interest grew by 44.68 per cent y-o-y to Rs 1.36 crore, while Taxation decreased by 65.16 per cent at Rs 0.54 crore (Dec'23 Rs 1.55 crore).