The company reported standalone net profit of Rs 0.22 crore for the quarter ended December 31, 2024 as compared to Rs 2.63 crore in the same period last year, registering a year-on-year decline of 91.63 per cent.

Net revenue of the company declined moderately by 11.90 per cent at Rs 28.72 crore in October-December quarter of this fiscal as against Rs 32.60 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 4.17 per cent to Rs 25.75 crore from Rs 26.87 crore in year ago period.

Other Income grew by 100.00 per cent at Rs 0.56 crore versus (Dec'23 Rs 0.28 crore).

Operating Profit slipped by 48.25 per cent to Rs 2.96 crore as against Rs 5.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.23 per cent in December quarter.

Interest grew by 35.54 per cent y-o-y to Rs 1.64 crore, while Taxation decreased by 67.01 per cent at Rs 0.32 crore (Dec'23 Rs 0.97 crore).