The company reported standalone net profit of Rs 0.16 crore for the quarter ended September 30, 2024 as compared to Rs 1.03 crore in the same period last year, registering a year-on-year decline of 84.47 per cent.
Net revenue of the company rose moderately by 17.78 per cent at Rs 234.18 crore in July-September quarter of this fiscal as against Rs 198.82 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 18.93 per cent to Rs 227.79 crore from Rs 191.53 crore in year ago period.
Other Income dipped by 42.86 per cent at Rs 0.16 crore versus (Sep'23 Rs 0.28 crore).
Operating Profit slipped by 12.35 per cent to Rs 6.39 crore as against Rs 7.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.61 per cent in September quarter.
Interest declined by 1.46 per cent y-o-y to Rs 2.70 crore, while Taxation decreased by 125.00 per cent at Rs -0.03 crore (Sep'23 Rs 0.12 crore).