The company reported standalone net profit of Rs 1.15 crore for the quarter ended December 31, 2024 as compared to Rs 3.40 crore in the same period last year, registering a year-on-year decline of 66.18 per cent.

Net revenue of the company declined substantially by 23.97 per cent at Rs 17.51 crore in October-December quarter of this fiscal as against Rs 23.03 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 11.61 per cent to Rs 15.91 crore from Rs 18.00 crore in year ago period.

Other Income grew by 46.03 per cent at Rs 0.92 crore versus (Dec'23 Rs 0.63 crore).

Operating Profit slipped by 67.99 per cent to Rs 1.61 crore as against Rs 5.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 57.97 per cent in December quarter.

Interest grew by 114.29 per cent y-o-y to Rs 0.15 crore, while Taxation decreased by 66.67 per cent at Rs 0.43 crore (Dec'23 Rs 1.29 crore).