Mumbai, Feb. 17 -- Revenue from operations decreased by 2% YoY to Rs 49.35 crore during the period under review.

Total operating expenses declined by 2% to Rs 43.06 crore in Q3 FY25 over Q3 FY24.

EBITDA fell by 7% to Rs 6.29 crore in Q3 FY25 from Rs 6.80 crore in Q3 FY24. EBITDA margin in Q3 FY25 remained flat at 13%.

Finance cost and depreciation charges for the December'24 quarter were Rs 1.03 crore (up 27% YoY) and Rs 3.17 crore (up 63% YoY), respectively.

Profit before tax in Q3 FY25 stood at Rs 3.15 crore, down by 38% from Rs 5.11 crore in Q3 FY24.

Sharad Taparia, managing director, said: "Demand from the EV segment remains subdued. It is still premature to definitively state whether this segment has conclusively turned around....