The company reported standalone net profit of Rs 2.07 crore for the quarter ended December 31, 2024 as compared to Rs 9.12 crore in the same period last year, registering a year-on-year decline of 77.30 per cent.

Net revenue of the company rose triple digit by 149.65 per cent at Rs 74.62 crore in October-December quarter of this fiscal as against Rs 29.89 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 317.76 per cent to Rs 71.73 crore from Rs 17.17 crore in year ago period.

Operating Profit slipped by 77.28 per cent to Rs 2.89 crore as against Rs 12.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 90.90 per cent in December quarter.

Interest declined by 33.33 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 79.94 per cent at Rs 0.71 crore (Dec'23 Rs 3.54 crore).