The company reported standalone net profit of Rs 1.08 crore for the quarter ended September 30, 2024 as compared to Rs 88.70 crore in the same period last year, registering a year-on-year decline of 98.78 per cent.
Net revenue of the company declined substantially by 77.95 per cent at Rs 34.09 crore in July-September quarter of this fiscal as against Rs 154.63 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 10.97 per cent to Rs 57.37 crore from Rs 64.44 crore in year ago period.
Other Income grew by 7.57 per cent at Rs 35.79 crore versus (Sep'23 Rs 33.27 crore).
Operating Profit slipped by 125.80 per cent to Rs -23.27 crore as against Rs 90.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 217.04 per cent in September quarter.
Interest grew by 19.05 per cent y-o-y to Rs 0.25 crore, while Taxation decreased by 99.63 per cent at Rs 0.06 crore (Sep'23 Rs 16.39 crore).