The company reported standalone net profit of Rs 1.30 crore for the quarter ended December 31, 2024 as compared to Rs 99.51 crore in the same period last year, registering a year-on-year decline of 98.69 per cent.

Net revenue of the company declined substantially by 95.76 per cent at Rs 6.64 crore in October-December quarter of this fiscal as against Rs 156.68 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 47.76 per cent to Rs 35.22 crore from Rs 67.42 crore in year ago period.

Other Income dipped by 6.68 per cent at Rs 35.23 crore versus (Dec'23 Rs 37.75 crore).

Operating Profit slipped by 132.02 per cent to Rs -28.58 crore as against Rs 89.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 855.31 per cent in December quarter.

Interest declined by 43.48 per cent y-o-y to Rs 0.13 crore, while Taxation decreased by 120.66 per cent at Rs -1.87 crore (Dec'23 Rs 9.05 crore).