The company reported standalone net profit of Rs 4.89 crore for the quarter ended December 31, 2024 as compared to Rs 19.16 crore in the same period last year, registering a year-on-year decline of 74.48 per cent.

Net revenue of the company rose moderately by 7.50 per cent at Rs 81.86 crore in October-December quarter of this fiscal as against Rs 76.15 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 12.57 per cent to Rs 62.13 crore from Rs 55.19 crore in year ago period.

Other Income dipped by 6.45 per cent at Rs 0.29 crore versus (Dec'23 Rs 0.31 crore).

Operating Profit slipped by 5.87 per cent to Rs 19.73 crore as against Rs 20.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.46 per cent in December quarter.

Interest grew by 118.84 per cent y-o-y to Rs 1.51 crore, while Taxation increased by 0.00 per cent at Rs 12.40 crore (Dec'23 Rs 0.00 crore).