The company reported standalone net profit of Rs 6.49 crore for the quarter ended September 30, 2024 as compared to Rs 7.31 crore in the same period last year, registering a year-on-year decline of 11.22 per cent.
Net revenue of the company rose moderately by 11.66 per cent at Rs 75.68 crore in July-September quarter of this fiscal as against Rs 67.78 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 17.52 per cent to Rs 65.13 crore from Rs 55.42 crore in year ago period.
Other Income grew by 100.00 per cent at Rs 0.08 crore versus (Sep'23 Rs 0.04 crore).
Operating Profit slipped by 14.71 per cent to Rs 10.55 crore as against Rs 12.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 23.67 per cent in September quarter.
Interest declined by 14.29 per cent y-o-y to Rs 0.66 crore, while Taxation decreased by 29.05 per cent at Rs 1.49 crore (Sep'23 Rs 2.10 crore).