The company reported standalone net profit of Rs 8.39 crore for the quarter ended September 30, 2024 as compared to Rs 12.98 crore in the same period last year, registering a year-on-year decline of 35.36 per cent.
Net revenue of the company declined moderately by 16.05 per cent at Rs 46.60 crore in July-September quarter of this fiscal as against Rs 55.51 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 2.55 per cent to Rs 36.35 crore from Rs 37.30 crore in year ago period.
Other Income grew by 205.06 per cent at Rs 2.41 crore versus (Sep'23 Rs 0.79 crore).
Operating Profit slipped by 43.68 per cent to Rs 10.25 crore as against Rs 18.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.96 per cent in September quarter.
Interest grew by 50.00 per cent y-o-y to Rs 0.21 crore, while Taxation decreased by 37.09 per cent at Rs 2.85 crore (Sep'23 Rs 4.53 crore).