The company reported standalone net profit of Rs 1.46 crore for the quarter ended September 30, 2024 as compared to Rs 0.99 crore in the same period last year, registering a year-on-year growth of 47.47 per cent.
Net revenue of the company declined marginally by 2.36 per cent at Rs 34.39 crore in July-September quarter of this fiscal as against Rs 35.22 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 3.20 per cent to Rs 33.02 crore from Rs 34.11 crore in year ago period.
Other Income grew by 161.36 per cent at Rs 1.15 crore versus (Sep'23 Rs 0.44 crore).
Operating Profit surged by 25.45 per cent to Rs 1.38 crore as against Rs 1.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 28.12 per cent in September quarter.
Interest grew by 114.29 per cent y-o-y to Rs 0.45 crore, while Taxation increased by 111.54 per cent at Rs 0.55 crore (Sep'23 Rs 0.26 crore).