The company reported standalone net profit of Rs 10.27 crore for the quarter ended September 30, 2024 as compared to Rs 6.00 crore in the same period last year, registering a year-on-year growth of 71.17 per cent.
Net revenue of the company rose substantially by 32.68 per cent at Rs 93.05 crore in July-September quarter of this fiscal as against Rs 70.13 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 39.04 per cent to Rs 86.44 crore from Rs 62.17 crore in year ago period.
Other Income grew by 507.55 per cent at Rs 6.44 crore versus (Sep'23 Rs 1.06 crore).
Operating Profit slipped by 16.96 per cent to Rs 6.61 crore as against Rs 7.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 37.39 per cent in September quarter.
Interest declined by 4.17 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 13.73 per cent at Rs 1.76 crore (Sep'23 Rs 2.04 crore).