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09/02/2024 16:02

Advance Metering Tec Q3 net profit down 95.91% at Rs 0.42 cr

The company reported standalone net profit of Rs 0.42 crore for the quarter ended December 31, 2023 as compared to Rs 10.28 crore in the same period last year, registering a year-on-year decline of 95.91 per cent.

Net revenue of the company rose marginally by 3.91 per cent at Rs 3.19 crore in October-December quarter of this fiscal as against Rs 3.07 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 3.38 per cent to Rs 4.29 crore from Rs 4.44 crore in year ago period.

Other Income grew by 542.22 per cent at Rs 2.89 crore versus (Dec'22 Rs 0.45 crore).

Operating Profit slipped by 19.71 per cent to Rs -1.10 crore as against Rs -1.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.39 per cent in December quarter.

Interest declined by 25.81 per cent y-o-y to Rs 0.23 crore