The company reported standalone net profit of Rs 0.33 crore for the quarter ended December 31, 2024 as compared to Rs 15.54 crore in the same period last year, registering a year-on-year decline of 97.88 per cent.

Net revenue of the company declined substantially by 42.96 per cent at Rs 8.63 crore in October-December quarter of this fiscal as against Rs 15.13 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 34.45 per cent to Rs 7.63 crore from Rs 11.64 crore in year ago period.

Other Income dipped by 97.32 per cent at Rs 0.41 crore versus (Dec'23 Rs 15.29 crore).

Operating Profit slipped by 71.35 per cent to Rs 1.00 crore as against Rs 3.49 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.74 per cent in December quarter.