The company reported standalone net profit of Rs 5.02 crore for the quarter ended December 31, 2024 as compared to Rs 10.08 crore in the same period last year, registering a year-on-year decline of 50.20 per cent.

Net revenue of the company declined substantially by 20.18 per cent at Rs 65.58 crore in October-December quarter of this fiscal as against Rs 82.16 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 14.78 per cent to Rs 58.51 crore from Rs 68.66 crore in year ago period.

Other Income dipped by 18.45 per cent at Rs 1.37 crore versus (Dec'23 Rs 1.68 crore).

Operating Profit slipped by 47.56 per cent to Rs 7.08 crore as against Rs 13.50 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.37 per cent in December quarter.

Interest declined by 95.24 per cent y-o-y to Rs 0.02 crore, while Taxation decreased by 30.36 per cent at Rs 3.12 crore (Dec'23 Rs 4.48 crore).