The company reported standalone net profit of Rs 10.34 crore for the quarter ended December 31, 2024 as compared to Rs 19.11 crore in the same period last year, registering a year-on-year decline of 45.89 per cent.
Net revenue of the company declined moderately by 7.32 per cent at Rs 159.51 crore in October-December quarter of this fiscal as against Rs 172.10 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 2.29 per cent to Rs 144.72 crore from Rs 148.11 crore in year ago period.
Other Income dipped by 74.32 per cent at Rs 0.94 crore versus (Dec'23 Rs 3.66 crore).
Operating Profit slipped by 38.35 per cent to Rs 14.79 crore as against Rs 23.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 33.50 per cent in December quarter.
Interest grew by 100.00 per cent y-o-y to Rs 0.28 crore, while Taxation decreased by 52.83 per cent at Rs 2.92 crore (Dec'23 Rs 6.19 crore).