The company reported standalone net profit of Rs 0.76 crore for the quarter ended December 31, 2020 as compared to Rs 0.89 crore in the same period last year, registering a year-on-year decline of 14.61 per cent.
Net revenue of the company rose substantially by 90.96 per cent at Rs 40.14 crore in October-December quarter of this fiscal as against Rs 21.02 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 39.70 per cent to Rs 37.02 crore from Rs 26.50 crore in year ago period.
Other Income dipped by 7.69 per cent at Rs 0.60 crore versus (Dec'19 Rs 0.65 crore).
Operating Profit slipped by 27.13 per cent to Rs 3.17 crore as against Rs 4.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.87 per cent in December quarter.
Interest declined by 57.89 per cent y-o-y to Rs 0.88 crore